The Balancing Act: Fuel Price Volatility and the Economic Squeeze on India’s OMCs
Oil Marketing Companies (OMCs) in India are currently navigating a precarious financial landscape as rising global crude oil prices collide with a depreciating rupee, threatening to neutralize recent retail fuel price adjustments. While the central government has explored providing a potential Rs 3 per liter cushion to stabilize margins, market analysts warn that the volatile…