15 Mar 2026 | 5 Mins Read
Oil firms consider refinery price freeze impact on state-run MRPL and CPCL
Flipitmoney
State-owned OMCs consider lowering refinery transfer prices to limit losses from a retail fuel price freeze, affecting standalone refiners like MRPL, CPCL, and HMEL. International oil prices rose to over $100 but India's retail fuel prices remained unchanged since April 2022, forcing OMCs to absorb impact. The proposed move could hit standalone refiners with limited downstream marketing exposure.