Crude oil relief: OMCs may break even on petrol, diesel rates soon; what it means for retail prices

Jul 6, 2026 - 19:30
Crude oil relief: OMCs may break even on petrol, diesel rates soon; what it means for retail prices

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Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. Since they continue to process higher-cost crude purchased earlier, profitability is expected to remain under pressure during the ongoing quarter.

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