https://www.taxtmi.com/news?id=72694 State-run oil marketing companies maintained uninterrupted supplies of petrol, diesel, LPG and aviation turbine fuel despite a sharp global energy shock, while retail prices in India remained unchanged. The companies absorbed large under-recoveries from the gap between elevated input costs and fixed retail prices, with additional pressure from emergency crude sourcing, freight, insurance and refinery optimisation expenses. Government excise duty reductions helped limit the burden and supported a policy of consumer stability and continuity of supply. en-us Fri, 08 May 2026 15:01:03 +0530 Fri, 08 May 2026 15:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72694 State-run oil marketing companies maintained uninterrupted supplies of petrol, diesel, LPG and aviation turbine fuel despite a sharp global energy shock, while retail prices in India remained unchanged. The companies absorbed large under-recoveries from the gap between elevated input costs and fixed retail prices, with additional pressure from emergency crude sourcing, freight, insurance and refinery optimisation expenses. Government excise duty reductions helped limit the burden and supported a policy of consumer stability and continuity of supply. News - Fri, 08 May 2026 15:01:03 +0530 https://www.taxtmi.com/news?id=72694