Lok Sabha elections

In contrast to peak losses of ₹17 per litre on petrol and ₹35 per litre on diesel in 2022, OMCs are now making a profit of ₹8-10 per litre on petrol and ₹3-4 per litre on diesel. According to the report, the oil ministry has already discussed crude versus retail price scenarios with OMCs.

Since oil marketing companies (OMCs) are now making profits, the government has begun discussions on the matter to give some relief to the people, the report further added.