public sector oil marketing companies

Unlearnt lessons: On India’s inadequate strategic petroleum and gas reserves

May 18, 2026 admin

Last week, the Centre hiked retail petroleum product prices after a gap of four years. This was expected, since the government had been warning about high crude prices, and how public sector oil marketing companies (OMCs) had been bleeding heavily due to under-recoveries. It was also expected that this would happen after the results of…

Business

Bursting at the seams: On the rise in inflation

May 14, 2026 admin

India’s April retail inflation, at a 13-month high of 3.48%, is only marginally higher than its March print of 3.4%, and continues to remain deceptively benign. Wholesale inflation has more than doubled to 8.3% in April from 3.88% in March — a 42-month high — signalling that substantial upstream price pressures are still working their…

Business