Fueling Fortunes: Indian Oil Companies Set for 50%+ Profit Jump! Crisil Forecasts Record Margins.

Overview

India's Oil Marketing Companies (OMCs) are projected to see their operating profit surge over 50% to $18-20 per barrel this fiscal, up from $12 per barrel last year. A Crisil report attributes this growth to stronger marketing margins driven by stable retail fuel prices and favorable crude oil dynamics. This financial uplift will support significant capital expenditure plans and improve OMCs' credit metrics.