Daily fuel price revisions to boost OMCs’ bottomlines


Daily fuel price revisions to boost OMCs’ bottomlines

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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