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Orgo-Life the new way to the future Advertising by AdpathwayPrivate refiners are cashing in on export margins, while state-run OMCs absorb losses from controlled pump prices and rising domestic demand
 "Gasoline, Petrol, diesel, fuel")
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State-run OMCs, however, were incurring losses of ₹530 crore a day on the sale of petrol, diesel and liquefied petroleum gas as of September | Image: Bloomberg
S Dinakar Hyderabad
5 min read
Last Updated :
Oct 03 2026 | 2:49 PM
IST
Diesel has proved to be a boon for private-sector refiners but a bane for state-run oil marketing companies (OMCs). Margins from converting crude oil into diesel dipped slightly on Thursday after the Group of Seven (G7) nations, under pressure from United States (US) President Donald Trump, agreed to release 100 million barrels of crude oil and diesel from their stockpiles over four months.
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