OMCs continue to face petrol, diesel losses despite easing crude prices: Jefferies
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…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
