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OMCs stare at big losses despite recent price hikes
Oil Marketing Companies are facing substantial losses on petrol and diesel. Despite recent price increases, these companies are still losing money on every litre sold. Experts predict further price hikes are likely to avoid significant financial strain. This situation could impact the profitability and book value of major state-run oil companies. The current pricing environment suggests continued under-recoveries for OMCs.
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thehindubusinessline.com
PSU OMCs’ under recovery from jet fuel sale at ₹30/litre
PSU OMCs face a ₹30/litre under recovery on jet fuel sales as airlines grapple with rising costs amid global tensions.
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economictimes.indiatimes.com
OMCs stare at big losses despite recent price hikes
Oil Marketing Companies are facing substantial losses on petrol and diesel. Despite recent price increases, these companies are still losing money on every litre sold. Experts…