Falling Crude Lifts OMC Margins—But the Gains Are Messier Than They Look

Inventory losses, currency drag, and government price mandates can erode the textbook benefit; IOCL, BPCL, and HPCL all face the same non-linear calculus when oil drops.

ndtv-profit-business · 6/28/2026, 1:25:01 PM · Ask about this →