Oil companies lost about 20 billion rupees due to the depreciation of the rupee.
Oil companies have demanded that the loss of rupee depreciation be included in the pricing mechanism.
The Oil Companies Advisory Committee says that the Ogra exchange does not fully recover the losses, orders should be issued to the banks to increase the LC limit.
According to the Advisory Committee, the oil industry is on the brink of collapse due to the losses affecting profitability.
