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HomeBusinessCentre weighs relief package for OMCs after Rs 75,000 crore fuel sale losses: Report
Business

Centre weighs relief package for OMCs after Rs 75,000 crore fuel sale losses: Report

Centre considers relief package for OMCs after incurring Rs 75,000 crore fuel sale losses, proposal under examination.

E
Editorial Team
July 22, 2026
1 min read
The proposal is currently being examined by the oil ministry and will require approval from the finance ministry before it is placed before the Union Cabinet July 22, 2026 / 10:53 IST Earlier this month, Petroleum and Natural Gas Minister Hardeep Singh Puri said the three state-run OMCs had incurred losses of Rs 74,781 crore during the April-June quarter State OMCs seek Rs 75,000 cr aid for Q1 losses. Losses from selling fuel below market prices. Govt considering proposal, faces fiscal burden. Did our AI summary help? Liked this AI Summary? Join our AI Workshop Moneycontrol News Discover the latest Business News , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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