How crude price crash could turn the tide for India’s state-owned oil giants

 State-run oil companies are poised for improved profits as falling crude prices boost fuel marketing margins. While recent excise duty cuts have aided this recovery, rising debt and potential future tax hikes pose risks to long-term earnings. Analysts anticipate stronger performance from the second quarter, with BPCL and IOC seen as top beneficiaries if oil prices remain subdued. State-run oil companies are poised for improved profits as falling crude prices boost fuel marketing margins. While recent excise duty cuts have aided this recovery, rising debt and potential future tax hikes pose risks to long-term earnings. Analysts anticipate stronger performance from the second quarter, with BPCL and IOC seen as top beneficiaries if oil prices remain subdued.