India's state-run oil companies have repeatedly ensured uninterrupted fuel supplies during floods, the COVID-19 pandemic and geopolitical crises. Analysts say their nationwide network and strategic role continue to make them indispensable despite repeated attempts to privatise major public sector oil firms
The Centre has imposed temporary restrictions on diesel sales through retail outlets, limiting purchases and preventing resale. The move aims to curb hoarding, black marketing and diversion of fuel supplies, while PSU oil companies continue absorbing significant losses to protect consumers
The Petroleum Ministry said PSU oil companies are absorbing Rs 550 crore in daily losses by not fully passing global fuel price hikes to consumers. The government also warned against diversion of retail fuel supplies and assured adequate petrol and diesel availability nationwide
