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[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of India Industrial Lubricants.
Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government s decision to cut retail prices of petrol and diesel could hurt the companies profit margins in the near term.
On Thursday, the government announced that OMCs will reduce pump prices of petrol and diesel after a record 22 months, making them cheaper by Rs 2 per litre in the national capital.
The changes were effective from Friday.