Middle East conflict burns Indian oil firms: Rs 30k cr monthly hit to keep fuel prices stable

India's state-run oil companies are absorbing nearly Rs 30,000 crore in monthly losses to maintain stable petrol, diesel, and LPG prices amidst soaring global energy costs. This financial burden arises from crude oil price surges and supply disruptions in West Asia, with the government prioritizing consumer protection.

By TOI BUSINESS DESK