India evaluates fuel retailer losses amid high oil prices
India will evaluate how long state retailers can sustain losses from selling fuel below market rates. Officials say the current price levels are unsustainable.
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India must evaluate how long state-run fuel retailers can sustain losses from selling transport fuels below market prices. Oil minister Hardeep Singh Puri announced the assessment on Tuesday as global energy costs climb. The move signals a potential shift in government policy to protect the fiscal health of major energy distributors.
