Nayara has slashed its fuel prices, but state-run oil companies like IOCL, BPCL, and HPCL have not yet indicated any plans to reduce their retail fuel prices.

India's state-run oil companies are absorbing nearly Rs 30,000 crore in monthly losses to maintain stable petrol, diesel, and LPG prices amidst soaring global energy costs and supply disruptions caused by the Middle East conflict.

State-run oil companies in India are expected to see improved profits due to falling crude prices, which are enhancing fuel marketing margins, despite risks from rising debt and potential future tax hikes.

India's state-run oil companies are incurring substantial losses on petrol and diesel due to stable retail prices despite volatile global crude oil prices and a supply squeeze in the Strait of Hormuz.

India's government increased petrol and diesel prices by Rs 3 per litre, citing significant losses for state-run oil companies due to soaring global crude oil prices and disruptions in West Asian shipping routes.