OMCs taking ₹30,000 cr hit a month for absorbing higher oil prices

Vaishnavi Mishra, Published on May 9th, 2026

OMCs taking ₹30,000 cr hit a month for absorbing higher oil prices

Oil marketing companies (OMCs), Indian Oil, Bharat Petroleum and Hindustan Petroleum are losing ₹30,000 crore a month for selling petrol, diesel and LPG at lower prices despite rising costs. OMCs are also losing revenue on sale of jet fuel for domestic flights, a government official said. "OMCs…procuring expensive crude oil…but [selling it at low prices]…to protect…consumers," the official added.

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