Oil marketing companies lost ₹10-12 a litre on sale of petrol, diesel this quarter

With international prices expanding sharply over the last 2-3 months and the continuing freeze on domestic retail prices, estimated losses on petrol and diesel have risen to ₹10.5 and ₹12.5 per litre respectively in the current quarter till the week of June 17, as per brokerage ICICI Securities.

Oil marketing companies lost ₹10-12 a litre on sale of petrol, diesel this quarter
With international prices expanding sharply over the last 2-3 months and the continuing freeze on domestic retail prices, estimated losses on petrol and diesel have risen to ₹10.5 and ₹12.5 per litre respectively in the current quarter till the week of June 17, as per brokerage ICICI Securities.