Petrol, diesel margins back above pre-conflict levels: Report (opens original article in a new tab)

Petrol and diesel margins for Indian state-run oil companies have risen above pre-conflict levels due to lower crude prices and reduced excise duties, though debt and tax policy uncertainty remain concerns.

• JP Morgan report states that petrol and diesel margins for state-run oil marketing companies (OMCs) have returned to pre-conflict levels due to falling crude prices and reduced excise duties.
• OMCs face challenges from rising debt and uncertainty over fuel tax policies, which could affect long-term profitability.
• BPCL and IOC are expected to benefit more from continued easing of crude prices, while HPCL's margins have largely recovered to pre-spike levels.