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India’s state-owned oil-marketing companies are incurring under-recoveries of ₹30 connected each litre of diesel sold and ₹6 per litre connected petrol, Praveen Khanooja, Additional Secretary astatine the Union Ministry of Petroleum and Natural Gas (MoPNG) told reporters astatine the bi-weekly inter-ministerial briefing connected the concern successful West Asia connected Monday (June 8, 2026).
“Even now, erstwhile you bargain diesel astatine ₹95.2 [per litre] successful Delhi, equilibrium ₹30 is borne by the oil-marketing companies and for petrol it is astir ₹6 per litre,” helium stated.
Mr. Khanooja further informed that Indian OMCs are absorbing regular losses successful the scope of ₹600-₹700 crore from petrol, diesel and LPG combined connected an manufacture basis.
On April 23, officials astatine the national petroleum ministry had informed that the under-recoveries connected the 2 vehicular fuels hovered astatine astir ₹20 per litre for petrol and ₹100 per litre connected diesel.
This preceded the terms hikes — the archetypal of which was done May 15. Further, benchmark crude futures past were stationed consistently supra $100 per barrel-mark.
Across 4 tranches, state-owned oil-marketing companies person hiked prices of the 2 fuels cumulatively by astir ₹7.5 per litre crossed 4 tranches.
Further, arsenic of Monday (June 8, 2026) precocious evening, brent crude futures were trading 1.87% higher implicit its erstwhile adjacent astatine $94.83 per tube aft having pared from an intra-day precocious of $98.07 per tube amid a renewed occurrence of tensions successful West Asia.
