Oil companies losing Rs 30,000 crore a month on petrol, diesel, LPG sales due to price freeze amid West Asia crisis

State-owned oil companies are incurring losses of approximately Rs 30,000 crore per month on the sale of petrol, diesel, and LPG. This financial strain is attributed to the decision to freeze retail prices, a measure implemented to shield consumers from the volatility in global crude oil prices, which have surged due to the ongoing crisis in West Asia.