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- by economictimes.indiatimes.com
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Paint, aviation, OMC stocks jump up to 5% as Brent crude hits 3-year low
Crude oil prices heavily influence OMCs, as crude is their main raw material. When crude prices rise, OMCs experience higher input costs, which can compress their gross refining margins (GRMs) if they cannot pass on the increased costs to consumers due to government-imposed price controls on petrol, diesel, and LPG.