Why Will Oil's Rally ‘Crack’ Soon? Analysts Flag Danger As –₹20/Litre Losses Hit OMCs
Автор: NDTV Profit
Загружено: 2026-03-05
Просмотров: 1898
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HPCL, BPCL, IOCL under pressure as marketing margins turn deeply negative. What is behind this sudden plunge, and are these signs for greater volatility to come? Oil marketing companies are again booking –₹20/litre losses on petrol and diesel as crude prices jump and the rupee weakens. HPCL, BPCL and IOCL fell sharply, while Singapore GRMs surged to $25/bbl, lifting refiners.
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