Hardeep Singh Puri wants OMCs compensated for selling fuel below market rates - Business News: Latest News & Videos about market and economy | Trendmergers

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Hardeep Singh Puri wants OMCs compensated for selling fuel below market rates

Indian Oil, Hindustan Petroleum and Bharat Petroleum, the three state-run OMCs, are seeking compensation for the losses they have incurred by keeping domestic retail prices frozen while international rates rocketed in 2022. The government gave OMCs a one-time grant of ₹22,000 crore a few months back to offset their losses on cooking gas.

from Industry-Economic Times
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