OMCs improve marketing margins by holding auto fuel prices

Not reducing retail auto fuel rates even with global crude oil prices softening since mid-July has helped state-run oil marketing companies (OMCs) improve their marketing margins to Rs 3.2/litre and Rs 4.6/litre for petrol and diesel, respectively, analysts have said.

The marketing margin on petrol was almost zero on July 20, and on diesel was Rs 2.9/litre. Pump price of petrol in Delhi was Rs 101.49 per litre on Tuesday, while diesel sold at Rs 88.92/litre