IOC, BPCL, HPCL lost ₹19,000 cr in revenue due to fuel price freeze: Moody's - Mint

The oil marketing companies raised the fuel prices for the first time in 2022 on March 22 and March 23 by $80 paise per litre each but no hike was seen on Thursday

Despite a massive rise in crude oil prices, India's top fuel retailers including IOC, BPCL and HPCL kept the prices unchanged, and it cost them $2.25 billion or 19,000 crore in revenues in March, lat… [+3403 chars]

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