Economy · India
Oil Companies Face Significant Daily Losses Amid Crude Price Surge
Oil marketing companies (OMCs) are incurring daily losses of Rs 530 crore due to the surge in crude oil prices. Losses per liter of petrol and diesel are reportedly as high as ₹9. Rising crude oil prices have been cited as the primary reason for these financial setbacks.
How outlets across the spectrum covered it
L 0 C 5 R 2
- Centre (5 votes, 7 outlets): Business Standard, Business Today, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express · The Indian Express (Indian Express Group — 1 vote), The Hindu BusinessLine
- Right (2): Daily Excelsior, Dainik Jagran