OMCs posted a loss of ₹2,749 crore in Q2; total loss in H1 reaches ₹21,201 crore
Updated: 09 Nov 2022, 11:43 AM IST
TL;DR.Petrol and diesel prices are supposed to be revised daily, but state-owned fuel retailers have not exercised their rights since April 6. Rates have been on freeze since then, except on May 22, when prices were reduced following a cut in excise duty.
The combined loss for the first half of the current fiscal year that began on April 1 now stands at ₹21,201.18 crore, the highest ever for any six-month period.