Oil companies' daily losses have decreased from 1,000 crore to 600 crore following four price hikes in 11 days. Despite this, crude oil prices remain high, and companies like IOCL, BPCL, and HPCL continue to face losses. On the other hand, the Central Government is losing 14,000 crore monthly due to the reduction in excise duty on petrol and diesel. Sujata Sharma, Joint Secretary of the Petroleum Ministry, noted that Middle East conflicts have impacted 40% of crude oil and 90% of LPG imports, but efforts are ongoing to maintain a steady fuel supply. https://sambad.in/business/oil-company-loss-11873345 #creator program