New Delhi: State-run oil marketing companies are losing ₹5 on each litre of diesel sold at the pumps, as domestic retail prices remain frozen while international rates have surged, according to industry executives.
Companies are, however, making a profit of ₹1 on every litre of petrol sold at pumps. This is a sharp contraction in marketing margins for oil companies from the April-June quarter, when lower international fuel prices and static domestic retail rates ensured extraordinary margins. Companies made a marketing margin of Rs 8.6 per litre on diesel and Rs 9 on petrol in the April-June period, according to ICICI Securities’ estimates.
