Q1 fuel losses may eliminate entire fiscal-year earnings of Indian OMCs
By TodayTelugu Desk1 min read0 views
Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.
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