Petrol, diesel prices: You gain, but this is how much fuel price freeze is costing OMCs
State-owned oil marketing companies (OMCs) have taken a combined hit of over Rs 500 crore during April as price revisions for petrol and diesel have been put on hold ahead of elections, analysts estimate. During the previous month, the daily prices moved marginally despite a larger increase in international prices, and the revisions were altogether stopped on April 25. OMC, petrol, diesel, Hindustan Petroleum Corp Ltd, Indian Oil Corp, Bharat Petroleum Corp Ltd, Karnataka election, petrol price, dielsel price, ICICI Securities
Auto fuels have been deregulated and margins were higher in FY2013-FY2014 when the National Democratic Alliance (NDA) was in power. Image source: Pixabay