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The Economic Times

Business / The Economic Times

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Rising prices to hit profit margins of OMCs, pump up upstream companies

Rising crude oil prices are expected to significantly impact the March-quarter profits of oil marketing companies, compressing refining margins and widening LPG under-recoveries. While upstream companies like ONGC and Oil India stand to benefit from higher crude prices, gas utilities face pressure from surging LNG costs.

6 Mar 2026 6:21 am