You can create Local Yum Repository be the use of below mentioned options

Option 1 (OEL / REDHAT 8 and above)

• Attached CD drive of Linux with VM or Machine
• Mount CD ROM in Linux

mkdir -p /cdrom
mount -t iso9660 -o ro /dev/sr0 /cdrom

• Delete All File exist in folder "/etc/yum.repos.d/"

ls -lrt /etc/yum.repos.d/
rm -rf /etc/yum.repos.d/*
rm -rf /etc/yum.repos.d/oracle-linux-ol8.repo
rm -rf /etc/yum.repos.d/virt-ol8.repo
rm -rf /etc/yum.repos.d/uek-ol8.repo

• Insert below Code in file " /etc/yum.repos.d/my_yum.repo"

vi /etc/yum.repos.d/my_yum.repo

----------------------

[AppStream]
name=software from AppStream
baseurl=/cdrom/AppStream
gpgcheck=0
[BaseOS]
name=software from BaseOS
baseurl=/cdrom/BaseOS
gpgcheck=0

----------------------------

Option 2 (OEL/REDHAT 5 to 7)

• Attached CD drive of Linux with VM or Machine
• Install RPM from CDROM Folder

cd /media/redha/packages/

rpm -Uvh deltarpm-3.5-0.5.20090913git.el6.x86_64.rpm
rpm -Uvh python-deltarpm-3.5-0.5.20090913git.el6.x86_64.rpm
rpm -ivh createrepo-0.9.9-18.0.1.el6.noarch.rpm

• Copying RPM to Local Folder of VM or Machine

mkdir /repo
cp /media/redha/packages/* /repo
cd /repo
rpm -ivh createrepo*
cd /repo
createrepo.

• Delete All File exist in folder "/etc/yum.repos.d/"

ls -lrt /etc/yum.repos.d/
rm -rf /etc/yum.repos.d/*

• Insert below Code in file " /etc/yum.repos.d/localrepo.repo"

vi /etc/yum.repos.d/localrepo.repo

-------------------------------------
[localrepo]
name=localrepo
baseurl=file:///repo/
enabled=1
gpgcheck=0
---------------------------------