Oil marketing companies (OMCs) are poised for a sharp rebound, with operating profits expected to surge more than 50% to $18-20 per barrel this fiscal year, driven by stronger marketing margins amid stable retail fuel prices and supportive crude oil dynamics, Crisil Ratings said on Friday.

OMCs earn from refining (gross refining margins or GRMs) and from marketing of petrol, diesel, and other fuels.

"This fiscal, the improvement in marketing margin will more than offset a moderation in refining margin owing to slow growth in global demand for fossil fuels as the world transitions towards cleaner energy sources," Crisil Ratings said in a note.

Healthy profitability is set to bolster cash accruals to ₹75,000-80,000 crore, compared with about ₹55,000 crore last fiscal year. The stronger ca

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