GENERAL23 Sept 2026
Indian OMCs incur ₹530 cr daily losses; ₹8 per litre on petrol, ₹9 on diesel and ₹300 on LPG: ICRA
Rising crude oil prices, driven by the West Asia conflict, have pushed Indian oil marketing companies into deep losses. ICRA says they now lose ₹8 a litre on petrol, ₹9 on diesel and nearly ₹300 on each LPG (cooking gas) cylinder. That adds up to about ₹530 crore daily. Fuel and transport costs may stay high, so review your cash flow now.
Key Statutory Highlights
- ICRA estimates oil marketing companies are losing ₹8 per litre on petrol and ₹9 per litre on diesel.
- Under-recovery on each domestic LPG cylinder is nearly ₹300, with combined daily losses of about ₹530 crore.
- The losses follow a sharp rise in crude oil prices caused by the West Asia conflict and disruption to key oil supply routes.
Actionable Advice for Taxpayers / Founders:If your business depends on fuel or transport, review your monthly cost and pricing estimates and keep a small buffer for higher input costs. For how these costs affect your margins or records, check with your CA before year-end.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: