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Fuel price hike: Can Centre shield OMCs with Rs 3 cushion, or will rupee flip the script?

The government increased fuel prices by Rs 3 per litre to support oil marketing companies facing losses due to high global crude oil prices and a weakening rupee. However, further rupee depreciation could negate these gains, with companies incurring significant daily losses. The

First seen · 9:55 AM UTCMay 17, 2026

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Fuel price hike: Can Centre shield OMCs with Rs 3 cushion, or will rupee flip the script?The government increased fuel prices by Rs 3 per litre to support oil marketing companies facing losses due to high global crude oil prices and a weakening rupee. However, further rupee depreciation could negate these gains, with companies incurring significant daily losses. The
9:55 AM UTC

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