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India's fuel retailers lose nearly $2bn shielding customers from energy shock

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India's fuel retailers lose nearly $2bn shielding customers from energy shock

Nikkei Asia · Jul 31, 2026, 1:34 PM UTC

MUMBAI -- India's state-owned fuel retailers, who control about 90% of the market, have reported losses totaling about 181.49 billion rupees ($1.90 bi