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Economy News

The Economic Times

Economy / The Economic Times

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OMCs lost Rs 18.9/litre on diesel, 6 on petrol in Q1

State-run oil companies faced significant losses in the April-June quarter, losing 18.9 per litre on diesel and 6 on petrol. This downturn occurred as domestic fuel prices failed to keep pace with rising international rates. Previously, these companies enjoyed healthy profits, but fluctuating global prices and limited domestic revisions have led to volatile retail margins, impacting profitability.

4 Jul 2026 1:11 am