Economic TimesLean R·
Crude shock to hit oil companies' margins, but refining gains could save Q2 show
ET Intelligence Group: A sharp rise in crude oil prices is expected to turn marketing margins on fuels to negative in September. However, gains realised during the previous two months are likely to support earnings of the oil marketing companies (OMC) for the September quarter.Oil breached $100 a barrel this month with Brent crude at around $107 as US-Iran clashes stoked supply fears. Retail fuel marketing margins are expected to turn into a loss of ₹7.4 per litre for petrol and ₹10.3 per litre…
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