High crude prices could hurt OMCs; HPCL most vulnerable: Report
A report by Equirus Securities suggests Indian OMCs could face margin pressure if crude prices stay high without retail price hikes. It ranks HPCL as most vulnerable among majors, followed by IOCL and BPCL, due to varying business structures. Indian oil marketing companies (OMCs) could face mounting pressure on their margins and balance sheets if … Read more