Oil marketing companies lose Rs 530 crore a day, while their refineries earn record margins
- Oil marketing companies lose 530 crore rupees daily due to frozen retail fuel prices.
- Unchanged retail rates create large under-recoveries on petrol, diesel, and domestic gas cylinders.
- Rising global crude prices push three major state oil marketing companies into deep losses.
- Pure-play refiners like MRPL and CPCL gain profits from expanding global refining margins.
Source: financialexpress.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
