Government decision to revise retail fuel prices daily is likely to result in improvement marketing margins for oil companies leading to better profitability, says a report.
In a report, India Ratings today said the move, effective May 1 in select cities, is another positive structural change in the downstream sector after petrol price deregulation in 2010, diesel de-regulation in 2014, direct benefit transfer for LPG, give-it-up scheme for LPG, lowering PDS kerosene allocation and gradual hike in its prices. Read More…
Credit By: The Economic Times
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