Middle East conflict escalates, pushing crude oil prices above $126 per barrel and straining India’s state-run oil companies. Facing mounting losses, these companies seek permission to raise pump prices, but the government hesitates, balancing consumer protection against financial pressures and potential inflation. Middle East conflict escalates, pushing crude oil prices above $126 per barrel and straining India’s state-run oil companies. Facing mounting losses, these companies seek permission to raise pump prices, but the government hesitates, balancing consumer protection against financial pressures and potential inflation.
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Oil marketing companies seek LPG, petrol, diesel price hike as Iran war deepens losses
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