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    "@id": "https://niharikatimes.com/en/article/oil-marketing-companies-losing-on-petrol-and-diesel-as-brent-crosses-100",
    "url": "https://niharikatimes.com/en/article/oil-marketing-companies-losing-on-petrol-and-diesel-as-brent-crosses-100",
    "article_id": 5935,
    "headline": "Oil Marketing Companies Losing on Petrol and Diesel as Brent Crosses $100",
    "summary": "Oil marketing companies in India are facing losses of ₹5 per litre on petrol and ₹23 per litre on diesel due to Brent crude prices exceeding $100 per barrel. The Indian crude basket price is around $109 per barrel, influenced by increased tensions between Iran and the US. Additionally, under recoveries on domestic LPG have reached ₹200 per cylinder, putting financial strain on OMCs.",
    "articleBody": "Oil marketing companies (OMCs) in India are reportedly incurring losses of ₹5 per litre on petrol and ₹23 per litre on diesel as Brent crude prices surpass the $100 per barrel mark. The Indian crude basket is currently around $109 per barrel, reflecting the impact of escalating hostilities between Iran and the US, according to industry analysis.\n\nAt the average price for September so far, marketing margins on petrol stand at a negative ₹5 per litre, while diesel margins are at a negative ₹23 per litre. Additionally, under recoveries on domestic liquefied petroleum gas (LPG) amount to ₹200 per cylinder, indicating significant financial pressure on OMCs amid rising global crude prices.\nयह भी पढ़ें\nWest Asia conflict and crude prices to influence markets this week\nGovernment Fuel Retailers Suffer Losses as Oil Tops $100 a Barrel\nIndia's Oil Import Bill Set to Rise as Global Crude Hits $100 a Barrel\nTrump Says Iran War Will End Immediately After US Midterm Elections",
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    "published_at": "2026-09-10T02:30:24+00:00",
    "updated_at": "2026-09-10T02:30:24+00:00",
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        "OMCs losing ₹5 per litre on petrol",
        "OMCs losing ₹23 per litre on diesel",
        "Brent crude crosses $100 per barrel",
        "Indian crude basket at $109 per barrel",
        "LPG under recoveries₹200 per cylinder"
    ],
    "faq": [
        {
            "question": "What causes the losses for Oil Marketing Companies?",
            "answer": "The losses are due to rising global crude prices influenced by tensions between Iran and the US."
        },
        {
            "question": "What is the average petrol margin in September so far?",
            "answer": "The average petrol margin has turned negative, contributing to OMCs' losses."
        },
        {
            "question": "Why is the Indian crude basket price higher than Brent?",
            "answer": "The Indian crude basket includes different crude qualities and suppliers, pushing its price higher."
        }
    ],
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    "key_numbers": [
        {
            "value": "₹5 per litre",
            "context": "Loss on petrol for OMCs"
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        {
            "value": "₹23 per litre",
            "context": "Loss on diesel for OMCs"
        },
        {
            "value": "$100 per barrel",
            "context": "Brent crude price crossing"
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        {
            "value": "$109 per barrel",
            "context": "Indian crude basket price"
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            "value": "₹200 per cylinder",
            "context": "LPG under recoveries"
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