Middle East tensions: Oil companies may cushion impact of spike - report

2026-03-04 - 23:13

Oil marketing companies are absorbing recent crude oil price spikes, creating a buffer against inflation and GDP impacts. Despite a 16.8% rise in Brent crude, a full pass-through to consumers is unlikely, with OMCs expected to manage the increase through their margins. This strategy helps cushion India's economy from geopolitical shocks affecting its heavy reliance on imported oil.