The Centre provided ₹1.23 lakh crore to oil marketing companies in the first 78 days of the Iran war to cushion consumers from price hikes. After that, the finance ministry decided against further sector-specific support. Oil firms began raising petrol, diesel, and LPG prices from May 15, but still incur daily losses of ₹652 crore.
Business
Oil Firms Got ₹1.23 Lakh Cr Support In 78 Days Of Iran War
