FALL IN GLOBAL OIL PRICES TO BENEFIT OIL MARKETING COMPANIES IN INDIA

The eight OPEC+ members (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman) agreed to raise crude oil production by 548,000 barells per day (BPD) in August 2025, signalling an excessive supply amid subdued global demand. Due to this, oil prices fell by about 1% on 7th July 2025. Brent was seen trading at $67.62 per barrel and WTI was trading at $68.53 per barrel. Oil marketing companies (OMCs) in India like

, , and import crude oil for further refining into petroleum products like petrol, diesel, and lubricants. Fall in global prices of crude oil will result in increased operating profit margin for these companies. If the crude oil prices keep falling, it is expected that these companies will see a robust profit in Q2FY26.