BusinessOMC Q3 Review: Petroleum Minister Praises 'Stellar Profits'
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OMC Q3 Review: Petroleum Minister Praises 'Stellar Profits'
However, losses on liquified petroleum gas sales need to be factored in, Petroleum Minister Hardeep Singh Puri told NDTV Profit in an exclusive interaction.
Hardeep Singh Puri said India's refining capacity is going to increase. (Photo source: NDTV Profit)
Union Petroleum Minister Hardeep Singh Puri on Friday praised the "stellar profits" of government-owned oil marketing companies and said they have learnt to manage volatile market risks."I take special pride in BPCL that reported 20% jump in profit for a company that people wanted to sell before," Puri told NDTV Profit's Tamanna Inamdar in an exclusive conversation. OMCs also benefit when oil prices go up, since their export margin o...