Q1 Fuel Losses Threaten Full-Year Earnings of Indian Oil Companies

India is considering raising fuel prices to protect its foreign exchange reserves as oil marketing companies (OMCs) face losses that could wipe out their entire fiscal-year earnings. The Petroleum Minister has not ruled out a price increase amid growing concerns about the financial health of these state-linked firms. This decision could impact fuel affordability for millions of consumers and the stability of India's energy sector.