# OMCs face Rs 530 crore daily losses

> ICRA warns oil marketing companies suffer Rs 530 crore daily losses as petrol and diesel margins turn negative.
- Title: OMCs face Rs 530 crore daily losses · The Economic Times
- Summary: ICRA warns oil marketing companies suffer Rs 530 crore daily losses as petrol and diesel margins turn negative. Oil marketing companies face Rs 530 crore…
- Keywords: omc, petrol, diesel, lpg, icra, india, crude, OMCs, face, 530, crore, daily
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/energy/oil-gas/lpg-losses-reach-rs-300/cylinder-omcs-petrol-diesel-margins-turn-negative-face-rs-530-crore-daily-losses-icra/articleshow/134438609.cms
- Author: ET Online
- Published: 2026-09-23T13:07:00+00:00
- Read time: 1 min
- Topics: omc, petrol, diesel, lpg, icra, india, crude
## Petrol diesel margins negative
Oil marketing companies face negative margins on petrol and diesel.
## LPG losses widen
LPG under-recoveries reach rs 300 per cylinder.
## Daily losses hit rs 530 crore
Oil marketing companies incur rs 530 crore daily losses.
## Crude prices rise
International crude prices surge while domestic fuel prices stay unchanged.
## ICRA explains cause
West Asia conflict drives crude price spikes and supply disruptions.
## What happens next
OMCs may need short-term loans to cover higher costs.
## Key takeaway

Oil marketing companies face Rs 530 crore daily losses due to negative petrol and diesel margins and LPG under-recoveries.