State-run oil marketing companies in India are facing significant financial challenges, incurring combined under-recoveries of ₹30,000 crore (approximately $3.6 billion USD) per month on petrol, diesel, and LPG. This situation arises from selling fuels at prices lower than international benchmarks, which have surged due to the ongoing conflict in Iran. Sujata Sharma, a joint secretary at the petroleum ministry, noted that while under-recovery indicates a pricing gap, it does not directly translate to cash losses for the companies, as these depend on crude procurement costs and domestic selling prices. Since the war began on February 28, shares of major players like Indian Oil, Hindustan Petroleum, and Bharat Petroleum have fallen between 12% to 23%. Despite the rising costs, retail prices for regular petrol and diesel have not changed, although prices for premium petrol, bulk diesel, and commercial LPG have increased significantly. LPG prices have risen by ₹60 for a 14.2-kg cylinder, reflecting the pressures on these companies amidst fluctuating global fuel prices.