What causes the losses for Oil Marketing Companies?

The losses are due to rising global crude prices influenced by tensions between Iran and the US.

What is the average petrol margin in September so far?

The average petrol margin has turned negative, contributing to OMCs' losses.

Why is the Indian crude basket price higher than Brent?

The Indian crude basket includes different crude qualities and suppliers, pushing its price higher.

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Oil Marketing Companies Losing on Petrol and Diesel as Brent Crosses $100

ICRA reports OMCs face negative margins amid rising crude prices

Oil marketing companies (OMCs) in India are reportedly incurring losses of ₹5 per litre on petrol and ₹23 per litre on diesel as Brent crude prices surpass the $100 per barrel mark. The Indian crude basket is currently around $109 per barrel, reflecting the impact of escalating hostilities between I

Reported by: निहारिका टाइम्स न्यूज़ डेस्क

Published Sep 10, 2026

News Desk, Niharika Times

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Oil marketing companies in India are facing losses of ₹5 per litre on petrol and ₹23 per litre on diesel due to Brent crude prices exceeding $100 per barrel. The Indian crude basket price is around $109 per barrel, influenced by increased tensions between Iran and the US. Additionally, under recoveries on domestic LPG have reached ₹200 per cylinder, putting financial strain on OMCs.

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At the average price for September so far, marketing margins on petrol stand at a negative ₹5 per litre, while diesel margins are at a negative ₹23 per litre. Additionally, under recoveries on domestic liquefied petroleum gas (LPG) amount to ₹200 per cylinder, indicating significant financial pressure on OMCs amid rising global crude prices.

अक्सर पूछे जाने वाले सवाल

What causes the losses for Oil Marketing Companies?: The losses are due to rising global crude prices influenced by tensions between Iran and the US.
What is the average petrol margin in September so far?: The average petrol margin has turned negative, contributing to OMCs' losses.
Why is the Indian crude basket price higher than Brent?: The Indian crude basket includes different crude qualities and suppliers, pushing its price higher.

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PublishedSep 10, 2026, 13:30 IST IST

Last updatedSep 10, 2026, 13:30 IST IST

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Oil Marketing Companies Losing on Petrol and Diesel as Brent Crosses $100

ICRA reports OMCs face negative margins amid rising crude prices

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