Oil Minister Hardeep Singh Puri Highlights The Hit Taken By Oil Marketing Companies

Oil Minister Hardeep Singh Puri discusses the impact of the West Asia crisis on India’s energy sector. He highlights that Oil Marketing Companies (OMCs) are losing ₹1,000 crore daily, with one quarter of losses potentially wiping out $28 billion in annual profits. Despite this, OMCs continue to absorb hits to keep consumers insulated from global price hikes. The Minister outlines the "war room" strategies used to ensure no fuel shortages across the country.