Petrol, diesel price cut: Happy now? For these companies, Modi govt delivers massive blow

The government's decision to ask state-owned oil marketing companies (OMCs) to absorb Re 1 cut on petrol/diesel is expected to hit the latter's marketing margins severely, leading to cumulative losses of close to Rs 7,200 crore over a period of six months, according to industry executives and experts.

Petrol, diesel price cut: Happy now? For these
The government's decision to ask state-owned oil marketing companies (OMCs) to absorb Re 1 cut on petrol/diesel is expected to hit the latter's marketing margins severely. Image source: Reuters

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x