New Delhi, May 11 -- There is no proposal to provide a bailout package or fiscal support to oil marketing companies (OMCs) despite mounting losses on fuel sales, said Sujata Sharma, joint secretary, petroleum and natural gas ministry, on Monday.

She noted that OMCs are facing losses due to elevated global energy prices while addressing the media on the domestic fuel stock situation amid the West Asia crisis.

"There is no proposal for any support to the OMCs right now. Also, even now, the price of petrol and diesel at the pumps is stable," Sharma said.

She added that the Strait of Hormuz blockade is likely the largest supply disruption. "About 20% of the global energy was carried out through that channel. Several countries have been aff...