OMCs face losses on petrol, diesel as Brent hits $100

OMCs face losses on petrol, diesel as Brent hits $100. Oil Marketing Companies may be incurring losses of ₹5/litre on petrol and ₹23/litre on diesel due to rising crude oil prices as Brent crosses $100/barrel. With fuel prices under political scrutiny ahead of elections, government reluctance to allow price hikes is squeezing OMC margins. This could pressure near-term earnings for public sector OMCs.

📊 STOCKS: IOCL, HPCL, BPCL | 🏢 SECTOR: Energy | #HIGHIMPACT #Energy