Event Brief
UPDATED May 15, 2026 at 5:06 AM ET
May 12, 2026 at 9:06 PM ET
Puri hints fuel price hikes as oil firms lose Rs 1,000 cr/day
By The BriefBrief
Petroleum minister Hardeep Singh Puri said public sector oil firms are losing Rs 1,000 crore daily and price hikes may follow.
WHO: Hardeep Singh Puri
WHAT: Petroleum minister warns of imminent fuel price hikes due to daily losses by public sector oil companies
WHEN: May 12, 2026 at 7:37 PM ET
WHERE: India
WHY: Oil companies’ daily losses of Rs 1,000 crore are pressuring them toward fuel price hikes.
How this story developed (showing 2 of 2 earlier reports)
Reporting from 3 identified publishers across this event arc.
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Publishers represented across this event arc
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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