New Delhi, Nov. 13 -- Oil marketing companies (OMCs) continue to incur losses on the sale of petrol and diesel, although the pressure has eased following a decline in crude oil prices, according to a report by Jefferies.

The report highlighted that marketing losses on petrol have narrowed to Rs 12 per litre, while losses on diesel have come down to Rs 27 per litre, based on 15-day average pricing.

This compares with losses of Rs 22 per litre on petrol and Rs 28 per litre on diesel in October 2026.

Jefferies said, "With the Indian crude basket price easing to USD 97/ bbl (USD 120/bbl in Oct-26), the current losses on petrol/diesel have come down to Rs12/27 per liter (Rs22/28 in Oct-26)".

The improvement comes as the Indian crude basket...