OMCs suffering losses due to delay in retail fuel price hike, says govt official - Moneycontrol

Fuel prices were last hiked on April 6 by 80 paise a litre each. Rates of petrol and diesel have increased by Rs 10 per litre each via 14 revisions.

A government official, while speaking to CNBC-TV18, said the oil marketing companies (OMCs) may suffer losses owing to a pause in retail fuel rates for the last 40 consecutive days across the country… [+3047 chars]

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