India’s OMCs face ₹75,000 cr loss; ministry drafts costly compensation plan
State‑run oil marketers lost about ₹75,800 crore in the April‑June quarter after selling fuel below market rates. The oil ministry is shaping a compensation package that needs finance ministry approval, but the government balks at using billions of rupees to cover loss on deregulated fuels. The deal could strain fiscal balances and set a precedent for future price‑support claims.