The New Indian Express | Government won't intervene in daily price revision: Oil minister The New Indian Express NEW DELHI: State-owned oil marketing companies' (OMCs) shares took a beating on Wednesday after reports appeared speculating the government could direct OMCs to absorb the effects of the current global crude price rise. The three biggest OMC saw ... Govt may ask OMCs to absorb further hike in oil prices; shares tank BPCL eyes GAIL, Oil India for merger OMCs could absorb hike in oil prices; shares down 6-8% |