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India, one of the world's biggest oil users, is feeling the pinch, with government-owned refiners losing about ₹10 billion every day.
Modi is urging everyone to use fuel wisely while the government faces pressure over price hikes, especially after recent elections boosted his party's standing.
Most gas stations are run by state companies like IOC, BPCL, and HPCL, which have been hit as import costs rise but pump prices stay fixed.