Petrol, diesel price hike cuts OMCs’ daily losses by a fourth, current loss pegged at Rs 750 crore a day
The OMCs hiked petrol and diesel prices by Rs 3 per litre on Friday, the first increase in over four years, as they continue to grapple with financial strain amid the West Asia crisis. The Rs 3-per-litre hike in petrol and diesel prices has provided some relief to public sector oil marketing companies (OMCs), reducing…
