Oil companies are losing Rs 725cr daily on fuel sales
The government has been deliberating on measures over oil prices through the last fortnight. Meanwhile, the companies' losses rose from Rs 16.34 a litre to Rs 21.43 on each litre of petrol, Rs 23.47 to Rs 31.58 on diesel, Rs 28.72 to Rs 35.98 on kerosene and Rs 305.90 to Rs 352.90 per 14.2-kg cylinder of cooking gas. Together, the three firms are losing Rs 725 crore daily on fuel sales, up from Rs 580 crore.