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India oil firms post Rs 30000 crore losses but prices stay steady amid global energy shock
Economy
Published on 8 May 2026
Fuel and LPG kept stable, despite the shock
India’s state-run oil companies reportedly incurred losses of about Rs 30,000 crore, even as fuel and LPG prices were held steady during a global energy disruption. The move helped ensure uninterrupted supplies for consumers. Government excise duty cuts further cushioned the financial blow, setting India apart from countries where retail fuel prices jumped sharply.
- State-run oil firms face estimated Rs 30,000 crore losses
- Fuel and LPG prices were kept unchanged during the global shock
- Excise duty cuts helped limit additional damage
- India’s approach differed from nations with fuel price hikes
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times