Event Brief
Puri hints fuel price hikes as oil firms lose Rs 1,000 cr/day
Filed: May 12, 2026 at 9:06 PM ET
Summary: 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.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 2 earlier reports
🔍 6 sources analyzed
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