Oil companies margin on petrol, diesel to more than double by month-end: Analysts
New Delhi: Oil companies’ marketing margin on petrol and diesel will more than double by month-end if they don’t cut domestic retail prices in line with the recent drop in international rates, as per analysts.
“Recent global auto fuel price correction has meant net margin may surge to Rs 4.38 per litre on 16th September and Rs 5.73 per litre on 1st October if retail prices are not cut,” ICICI Securities said in a note. The margin on September 10 was Rs 2.62 per litre.
