Fuel Price Hike: ‘Fuel price hike inevitable’: State-run oil firms lose over Rs 1 lakh crore in 10 weeks amid Middle East crisis
State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…