Tag Archives: oil marketing companies

New Delhi. Tuesday, 26 May 2026 The Ministry of Petroleum and Natural Gas has confirmed that while recent fuel price revisions have cushioned the financial impact on public sector Oil Marketing Companies (OMCs), significant under-recoveries persist due to deep-seated geopolitical strains. Joint Secretary Sujata Sharma reported that daily losses dropped …

The state-owned oil marketing companies (OMCs) have had a fabulous financial year 2023-24.  Even as they navigated rapidly evolving geo politics and wide fluctuations in crude prices, the OMCs not only ensured fuel availability at affordable rates, with one of the lowest fuel price inflation globally in India, but they …