Current under-recovery ₹30/litre on diesel, ₹6/litre on petrol: Official
Indian state-owned oil companies are facing significant under-recoveries on diesel and petrol prices, currently absorbing losses of ₹30 and ₹6 per litre respectively. These financial pressures are linked to rising global crude oil prices driven by tensions in West Asia.
Why it matters
Highlights the economic impact of global geopolitical instability on domestic fuel pricing and state-owned enterprise profitability in India.
India’s state-owned oil-marketing companies are incurring under-recoveries of ₹30 on every litre of diesel sold and ₹6 per litre on petrol, Praveen Khanooja, Additional Secretary at the Union Ministry of Petroleum and Natural Gas (MoPNG) told reporters at the bi-weekly inter-ministerial briefing on the situation in West Asia on Monday (June 8, 2026).
Reports on government data and market conditions with neutral framing.
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