Oil firms selling petrol and diesel at huge losses as crude prices keep squeezing margins

Published on 29 April 2026

Petrol and diesel sales are bleeding money fast

Indian oil companies are taking heavy hits as crude oil prices stay elevated, slashing marketing margins on petrol and diesel. LPG is expected to see under-recoveries of around Rs 80,000 crore this fiscal, while fertiliser subsidies are also forecast to rise. Profitability across energy-linked sectors could worsen unless global tensions ease and supply chains normalize.

Higher crude prices are shrinking petrol and diesel marketing margins
LPG under-recoveries could reach about Rs 80,000 crore this fiscal
Fertiliser subsidies are set to increase as costs rise
Relief depends on easing global tensions and steadier supplies

#subsidies #oil marketing #lpg #india #crude prices

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Oil firms selling petrol and diesel at huge losses as crude prices keep squeezing margins

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