Rising under-recoveries to shave operating profit margins of OMCs: Report
Updated : May 28, 2019 10:18 PM IST
According to the rating agency Crisil, operating margins had declined 1.6 per cent in fiscal 2019.
In fiscal 2019, profitability of OMCs was hit as their average gross refining margin (GRM) declined by a third to $5.3 per barrel from $7.9 in fiscal 2017-18.
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