GENERAL23 Sept 2026
High crude leaves OMCs losing ₹530 crore a day on fuel sales: Icra
Oil marketing companies (OMCs) are losing about ₹530 crore a day on fuel sales, says rating agency Icra. Underrecoveries in September are around ₹8 per litre on petrol and ₹9 per litre on diesel. That means they recover less than their cost on every litre sold. If your business depends on fuel, watch pump prices closely, as these costs can reach your transport bills.
Key Statutory Highlights
- Oil marketing companies are losing about ₹530 crore a day on fuel sales, according to Icra.
- Underrecoveries in September are estimated at ₹8 per litre on petrol.
- Underrecoveries on diesel in September are estimated at ₹9 per litre.
Actionable Advice for Taxpayers / Founders:If fuel is a big cost for your business, review your transport and delivery budgets now, and speak to your accountant about the likely impact on your margins this quarter.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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