Crude Oil Crisis! Is India's Fuel Supply Actually Safe? | Why Govt Oil Companies Are Bleeding Cash?

Added: 2026-06-02

[00:00:00]Is India facing a fuel crisis? The short answer is no, but the math behind the scenes is shocking. The oil ministry confirms that fuel supplies remain completely stable. However, public sector oil marketing companies are bleeding heavily. They are absorbing staggering losses of nearly 550 crore rupees every single day to keep prices steady on petrol, diesel, and domestic LPG. Why? Consumers are rapidly shifting away from private retailers, who are now witnessing a massive 38% drop in high-speed diesel sales. The government has reviewed the ground reality with states, FICCI, and CII, warning industry bodies of strict consequences for any supply violations. So, while companies take a financial hit, your fuel supply remains secure. For more breaking financial updates, subscribe to ET Now.