Estimates losses of around Rs105bn for refineries and marketing companies; several OMCs warn of possible bankruptcy amid already shrinking foreign participation in sector.

Oil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LPG losses being a considerable issue.…

Estimates losses of around Rs105bn for refineries and marketing companies; several OMCs warn of possible bankruptcy amid already shrinking foreign participation in sector.