Retail price freeze: Higher GRMs are not compensation enough – 11 Jul 2022

The Indian OMCs continue to lose revenues on MS and HSD sales compared to international prices.

The OMCs are realising Rs.17/litre lower for petrol and Rs.24/litre lower for diesel vis-à-vis international prices

The increase in GRMs would compensate the losses due to under-recoveries for OMCs to an extent

But not by much