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Here is how oil companies will be affected by the plunge in crude prices

Updated : March 13, 2020 05:18 PM IST

For ONGC, the (EPS) impact works out to roughly Rs 0.65 and for OIL it is Rs 0.75.
However, GAIL's sales are linked to crude prices, and the breakeven is at a crude price of $50/bbl.
The one segment which is delighted by the fall in crude prices is oil marketing companies.
Here is how oil companies will be affected by the plunge in crude prices

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