As of today, the government has no proposal to offer a bailout package to oil-marketing companies, Union Petroleum Ministry Joint Secretary Sujata Sharma reiterated at the daily inter-ministerial briefing on the situation in West Asia on Monday (May 11, 2026). “There is no proposal for any support [package] to oil-marketing companies right now,” he said. Concerns have increased over under-recovery, i.

e. the gap between the cost of manufacturing retail fuel (petrol, diesel and LPG) and its selling price, following the oversupply caused by the West Asia crisis.

Union Petroleum Minister Hardeep Singh Puri wrote on his social media on Sunday (May 10, 2026) that India’s oil-marketing companies are facing losses of up to ₹1 lakh crore in the current quarter with under-recovery of ₹2 lakh crore. “OMCs are buying crude oil, gas and LPG at higher prices, but to protect consumers, they are selling the end product at lower prices, leading to huge losses of up to ₹1,000 crore per day,” he said. “However, OMCs have ensured uninterrupted energy imports and supplies,” he said.

Separately addressing a public rally in Hyderabad on Sunday (May 10, 2026), Prime Minister Narendra Modi had called for reducing petrol and diesel consumption, increasing use of public transport, car-pooling and widespread adoption of electric vehicles. He called for collective action to help deal with supply uncertainties and related pressures arising from the Middle East crisis.

Ms Sharma assured that there is sufficient stock of retail fuel in the country. Speaking to reporters at the same briefing, C. Senthil Rajan, joint secretary in the Ministry of Information and Broadcasting (MIB), said Mr Modi’s address was not trying to highlight any stock-related issue.

“[The idea] of the speech is for optimum and efficient use of available resources,” he said, adding, “It is not that there is any shortage; there are adequate stocks, and arrangements are in place. The Prime Minister appealed to efficiently use whatever is available. ” In fact, a readout of the fifth meeting of the Informal Group of Ministers (IGOM) during the day showed that the country has sixty days of rolling stock of crude oil, sixty days of natural gas and forty-five days of rolling stock of LPG.