RIL, OMCs IN FOCUS 🔍 | PETROLEUM MINISTRY MONITORS TARIFF IMPACT

• Petroleum Ministry is assessing potential implications of tariff penalties, according to sources (NDTV Profit) • Awaiting clarity through executive order to determine the nature and scope of specific countermeasures • Indian refiners including RIL and OMCs (IOCL, BPCL, HPCL) have already diversified their crude basket, incorporating suppliers from the US, Brazil, and others • In the event of disruption in Russian crude supply, India may explore alternate sources to ensure energy security 📌 Developments could have short-term operational and margin implications for downstream players; investors should closely track global crude flows and geopolitical cues.