OMCs’ Combined Profit Surges Over 25 Times in FY24 Year-on-Year

OMCs' Combined Profit Surges Over 25 Times in FY24 Year-on-Year

The state-owned oil marketing companies (OMCs) have had a fabulous financial year 2023-24.  Even as they navigated rapidly evolving geo politics and wide fluctuations in crude prices, the OMCs not only ensured fuel availability at affordable rates, with one of the lowest fuel price inflation globally in India, but they have also rewarded the shareholders’ … Read more