Refining margins of state-run oil firms drop
Hindustan Times Patna|December 16, 2024
NEW DELHI: Gross refining margins (GRM) of public sector oil marketing companies (OMCs) have fallen by up to 80% in the first half of this financial year, showed data from the Petroleum Planning & Analysis Cell (PPAC), amid shrinking discounts of Russian oil and declining prices in global markets, experts said.
Rituraj Baruah
Refining margins of state-run oil firms drop

Mangalore Refinery and Petrochemicals Ltd (MRPL), a public sector enterprise under the petroleum ministry and a subsidiary of Oil and Natural Gas Corp. Ltd (ONGC), reported the biggest drop in its refining margins, which fell 80.17% to $2.56 per barrel during the April-September period from $12.91 in the same period last fiscal.

The GRM of Chennai Petroleum Corp. Ltd (CPCL), a group company of state-run Indian Oil Corp. Ltd (IOCL) fell 71.66% to $2.93 per barrel from $10.34 in the same one-year period, showed the reported titled Monthly Ready Reckoner for November.

هذه القصة مأخوذة من طبعة December 16, 2024 من Hindustan Times Patna.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 16, 2024 من Hindustan Times Patna.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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