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Energy

Fuel price hikes resurrect strong marketing margin for OMCs

Updated : June 17, 2020 05:25 PM IST

The report states the need to further increase retail fuel price by Rs 2.4 per liter to boost net margin to Rs 1.91 per liter during June 16-30 and Rs 2.11 per liter on July 1.
The brokerage noted that the gross refining margin (GRM) weakness remains a concern while large inventory gains appear imminent.
Fuel price hikes resurrect strong marketing margin for OMCs

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