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India’s state-run fuel retailers have absorbed over ₹1 lakh crore in under-recoveries in 10 weeks as pump prices stayed unchanged on May 11. Indian Oil, BPCL, and HPCL are losing up to ₹1,700 crore daily amid surging global crude prices. Petrol in Delhi sold at ₹94.77 a litre, diesel at ₹87.67. The government has not announced a retail price hike.