Crisil Ratings’ Anuj Sethi says India’s OMCs are set to see over 50% growth in operating profits this fiscal as softer crude boosts marketing margins to $14 per barrel, even as refining margins moderate. With crude expected at $65–67, global supply steady and inventories strong, oil prices may fall further, while domestic retail fuel prices are likely to remain unchanged.
Source :- Markets-Economic Times Read More
