OMCs may find it difficult to pass on price hike in upcoming quarter

In the next quarter, the country will also start gearing up for various Assembly elections could put the government as well as the OMCs under pressure

With the rise in crude oil prices in international markets, state-run oil marketing companies (OMC) have been able to pass on most of the hike to the retail market. However, as resentment against higher fuel prices gets louder, not many are sure for how long the OMCs will manage to maintain margins.

In the next quarter, the country will also start gearing up for various Assembly elections, which analysts expect, could put the government as well as the OMCs under pressure. The Opposition parties have already called for a nation-wide strike on Monday to protest the rise in fuel prices.

“Given the