Fall in Crude Prices to Help OMCs, But There is a Flip Side As Well: IOC
B Ashok, chairman, IOC spoke to NDTV about the fall in crude oil prices, Iran nuclear deal and its impact on India. While on one hand it has helped the OMCs bring down their working capital requirements, interest cost etc., he says there is a flip side to fall in prices as well. The industry is concerned about the difference between crude oil prices and international prices of products which does have an impact on the margins.
