High crude, weak rupee likely to push OMCs into Q1FY27 losses despite record refining margins: Report
7h agoen
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New Delhi [India], July 9 (ANI): India's oil marketing companies (OMCs) are likely to report losses in the first quarter of FY2026-27 as elevated crude oil prices, a weaker rupee and inventory losses outweighed the benefit of record refining margins, according to a report by Equirus Securities. The report said the June quarter is the period when the supply shock that began in March is expected to fully reflect in
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