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Oil marketing firms see a profit as domestic prices freeze, global rates soften

According to the brokerage, businesses have so far lost Rs 1.2 per litre on the sale of fuel during the current quarter. Nonetheless, the brokerage claims that a profit of Rs 6.8 per litre on petrol has made the combined margin for the two fuels positive.
3-Point Analysis | OMCs crash to 52-week low, should you buy into this correction?

Top brokerages have downgraded OMCs post the government announcement and have reduced their target price by 30 to 50 percent.
Petrol price hike was decision of oil marketing firms: FM

Amid resentment over sharp hike in petrol prices, the Government today distanced itself from the decision saying the call was taken by oil marketing firms.

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Oil Marketing Firms

Oil marketing firms see a profit as domestic prices freeze, global rates soften

3-Point Analysis | OMCs crash to 52-week low, should you buy into this correction?

Petrol price hike was decision of oil marketing firms: FM