OMCs continue to face petrol, diesel losses despite easing crude prices: Jefferies
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Oil marketing companies are currently facing losses on petrol and diesel sales, although these losses have recently decreased. Marketing losses on petrol have fallen to Rs 12 per litre and Rs 27 per litre for diesel. A decline in the Indian crude basket price has contributed to t...
Oil marketing companies are currently facing losses on petrol and diesel sales, although these losses have recently decreased. Marketing losses on petrol have fallen to Rs 12 per litre and Rs 27 per litre for diesel. A decline in the Indian crude basket price has contributed to this improvement. Global crude supply conditions have improved significantly, but elevated freight rates still pose challenges.
Original Source
https://timesofindia.indiatimes.com/business/india-business/omcs-continue-to-face-petrol-diesel-losses-despite-easing-crude-prices-jefferies/articleshow/135794341.cms
