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First reported by bignewsnetwork.com
High crude, weak rupee likely to push OMCs into Q1FY27 losses despite record refining margins: Report

OMCs likely to report losses in Q1 FY27 on high crude, weak rupee

Indian oil marketing companies (OMCs) are likely to post losses in Q1 FY2026-27, as per an Equirus Securities report. High crude prices, a weak rupee, and inventory losses have outweighed the…

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