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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.

<div class="paragraphs"><p>Hardeep Singh Puri said India's refining capacity is going to increase. (Photo source: NDTV Profit)</p></div>
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...
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