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Hardeep Puri Warns OMC Losses Could Stress Supply Despite No Fuel Shortage
Business
Published on 12 May 2026
OMCs may not absorb losses for long
Petroleum and Natural Gas Minister Hardeep Singh Puri told the CII Annual Business Summit India has no fuel shortage and said LPG production has been scaled up to 56,000 tonnes. Yet he cautioned that global pricing is squeezing oil companies’ profitability, warning of fiscal strain that could limit how long OMCs can carry losses.
- Puri says India currently faces no fuel shortage
- LPG production capacity scaled up to 56,000 tonnes
- Global rates are pressuring OMC profits
- He warns fiscal strain may persist for OMCs
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This summarization was done by Beige for a story published on 
Republic