'OMCs should bargain with oil producers for discount'
The New Indian Express|May 23, 2024
DOMESTIC oil marketing companies (OMCs) should come together and negotiate with oil producing companies for a good discount on long-term contracts, said petroleum minister Hardeep Singh Puri on Wednesday.
RAKESH KUMAR
'OMCs should bargain with oil producers for discount'

Puri, addressing the press, said India holds the most important card-the market card and since it consumes over 5 million barrels a day. "As far as India is concerned, we are holding one of the most important cards in your hand, which is a market card, which means that 5 million plus barrels a day are consumed in India. Why should the Indian refiners not want to negotiate a good discount on a long-term basis," said the minister.

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