Oil firms consider refinery price freeze impact on state-run

and CPCL 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. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.