Oil Minister Hardeep Singh Puri Highlights The Hit Taken By Oil Marketing Companies

Oil Minister Hardeep Singh Puri discusses the impact of the West Asia crisis on India’s energy sector. He highlights that Oil Marketing Companies (OMCs) are losing ₹1,000 crore daily, with one quarter of losses potentially wiping out $28 billion in annual profits. Despite this, OMCs continue to absorb hits to keep consumers insulated from global price hikes. The Minister outlines the "war room" strategies used to ensure no fuel shortages across the country. #OilCompanies #FinancialStrain #QuarterlyLosses #ConsumerProtection #CorporateCitizens #HardeepSinghPuri #OilMinister #WestAsiaCrisis #EnergySecurity #IndiaEnergy #OMCs #FuelPrices #OilAndGas #CrudeOil #IndiaEconomy #GlobalEnergyCrisis #FuelSubsidy #EnergyCrisis #LPG ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday X: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/