The marketing margins on retail sales of auto fuels for the Indian oil marketing companies (OMCs) have improved in the recent weeks with reduction in crude prices, said a report by ICRA, while maintaining its outlook on the refining and marketing sector as stable.
Girishkumar Kadam, Senior Vice President and Group Head, Corporate Ratings, ICRA Ltd, said, “ICRA estimates that the OMCs’ net realisation was higher by ~Rs 11/litre for petrol and ~Rs 6/litre for diesel vis-à-vis international product prices in January 2024 (till January 19). The marketing margins for petrol witnessed an improvement in the last few months after a sharp decline in September 2023.
