The decline is primarily due to discounts on Russian crude oil, a softening of diesel spreads, and inventory losses, according to the market intelligence firm.
The report notes that stable retail fuel prices amid volatile oil prices will help support overall returns for the industry.
Despite the decrease, the operating profit will still be higher than the USD 9-11 per barrel average over the past decade through fiscal 2024. This will partially support OMCs' substantial capital expenditure (capex) requirements.
An analysis of public sector OMCs rated by CRISIL Ratings, covering 90 per cent of the sector, confirms this trend.
OMCs earn through two main channels: refining and marketing. In refining, they earn a gross refining margin (GRM)--the difference between the value of refined products at the refinery gate (benchmarked to international prices) and the cost of crude oil used in production. In marketing, they earn a margin on petrol, diesel, and other petroleum products sold.
هذه القصة مأخوذة من طبعة October 28, 2024 من The Business Guardian.
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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هذه القصة مأخوذة من طبعة October 28, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Fitness Influencers Rohit Dalal, Akshay Dilawari Join AAP
Fitness influencers, Rohit Dalal and Akshay Dilawari, known for their work in the sports and fitness industry, joined the Aam Aadmi Party (AAP) on Thursday.
AAP Keeps Giving Strange Statements to Be in News: BJP
After the Aam Admi Party (AAP) accused Congress of \"speaking the BJP language\", Bharatiya Janata Party MP Sudhanshu Trivedi on Thursday took a dig at the AAP, saying that they make such strange statements to remain in the news, adding that their statement is an admission of their defeat in the Delhi elections.
Cong Accuses Kejriwal of Shifting Blame as AAP's Credibility Collapses
The Delhi unit of Congress claims that the fear of losing the upcoming assembly elections is now haunting Arvind Kejriwal.
NDMC Passes Resolution Condemning Delhi Govt's Schemes
The New Delhi Municipal Corporation (NDMC) on Thursday passed a resolution condemning the AAP-led Delhi government's 'Mukhya Mantri Mahila Samman Yojna' and 'Sanjeevani Yojna'.
Sandeep Dikshit complains to LG against AAP's 'Mahila Samman' scheme
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CASH FOR VOTES: AAP MOVES TO ED
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![Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]](https://reseuro.magzter.com/100x125/articles/26854/1941485/3Dir29po62bcaaKmtxZsys/KERALA-HIGH-COURT-QUASHING-OF-SERIOUS-OFFENCE-TO-EFFACE-EVIDENCE-ALREADY-RECORDED-CANNOT-BE-DONE-EVEN-AT-INSTANCE-OF-SURVIVOR-POSCO-ACT.jpg "Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]")
Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]
The Kerala High Court in the case xxx v State and Another observed and has dismissed the petition filed by a victim of POCSO offence to quash the proceedings saying that serious offences are involved and the trial had reached at the end stage.
Punjab And Haryana High Court: POSCO Act Being Enacted Subsequently Will Prevail Over SC/ST Act In
Adding to it, the court stated that when there being a conflict between the provisions of two special enactments, it is trite that the provisions of the latter of the two enactments will prevail and since the POCSO Act is a subsequent enactment, therefore, its provisions will prevail over the SC/ST Act.
Madras High Court Grants Interim Bail To Temple Activist, Asks Him To Refrain From Making Objectionable Comments Against Women
The Madras High Court in the case Rangarajan Narasimhan v State of Tamil Nadu observed and has granted bail to temple activist Rangarajan Narasimham for allegedly making derogatory comments against a woman on social media.
Orissa High Court: Dispute Related To Infringement Of Copyright Is Arbitrable, Arbitrator Can Be Appointed Under Section 11 Of Arbitration Act
The Other party opposed the application which being on the ground that the dispute as evident from the petitioner's notice seeking the appointment of an Arbitrator regards to infringement of copyright which is non-arbitrable.
