THE FOURTH QUARTER of FY23 likely marked a turnaround in the earnings of downstream oil and gas companies. State-run oil marketing companies (OMCs) likely made high "over-recoveries" on transport fuels with no retail price cut despite a moderation in crude oil prices and diesel cracks. In addition, their refining margins too remained resilient.
However, weaker sales volumes impacted margins of upstream companies' margins in Q4, leading to a marginal sequential decline in their EBITDA.
Diese Geschichte stammt aus der April 10, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der April 10, 2023-Ausgabe von Financial Express Mumbai.
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