‘Fuel price hike inevitable’: State-run oil firms lose over Rs 1 lakh cr in 10 weeks

State-owned oil companies are facing over Rs 1 lakh crore in losses due to soaring global fuel prices, with daily under-recoveries reaching Rs 1,700 crore. Despite this, petrol and diesel prices remain unchanged, impacting the financial health of these crucial energy providers. A fuel price hike now appears inevitable, with the government facing a political decision on timing and extent.

By TOI BUSINESS DESK