Crude Oil Price Surge Hits Oil Companies | Petrol, Diesel Sales Under Heavy Losses

Описание: Soaring international crude oil prices are putting severe financial pressure on domestic oil marketing companies in India.

Due to the ongoing crisis in West Asia, global crude oil prices have surged sharply. However, to control inflation, retail fuel prices in India have not been increased, forcing oil companies to sell petrol and diesel at significant losses.

According to rating agency ICRA, the burden of subsidies on cooking gas (LPG) and fertilizers is also rising, adding further strain on government finances and oil companies.

Experts warn that if crude oil prices continue to remain high, it could impact inflation, fiscal balance, and overall economic stability.

#internationaletv #internationaletvnews #CrudeOil #PetrolPrice #DieselPrice #ICRA #IndianEconomy #OilCompanies #Inflation #BreakingNews #BusinessNews #EnergyCrisis
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