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flag Indian oil firms lose billions on fuel sales as global crude prices soar.

flag Indian oil marketing companies are facing significant losses due to soaring global crude oil prices. flag They are losing approximately Rs 24 per litre on petrol and Rs 64 per litre on aviation turbine fuel, while the government maintains retail fuel prices. flag Despite price increases for some fuels, state-owned firms continue to bear the financial burden, causing stock prices to fall.

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