Losing Rs 1,000 crore a day: Petrol minister Puri highlights mounting losses for OMCs as fuel prices remain unchanged for 4 years

State-run oil marketing companies are facing a major hit to their finances, Union petroleum and natural gas minister Hardeep Singh Puri flagged on Tuesday. Puri said that oil marketing companies (OMCs) are collectively losing around Rs 1,000 crore every day as they continue to sell petrol, diesel and LPG below cost. He added that the […]

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Israel-Iran tensions: India has adequate energy supplies, says Union minister Puri amid rising crude prices; citing energy strategy trilemma

Amid a sharp spike in global crude prices following Israel’s airstrike on Iran, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said Friday that India has adequate energy supplies for the coming months and continues to navigate global energy volatility through a well-calibrated strategy.Taking to social media platform X (formerly Twitter), the minister […]

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