{"id":276433,"date":"2019-05-29T05:05:02","date_gmt":"2019-05-29T05:05:02","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276433"},"modified":"2019-05-29T05:10:19","modified_gmt":"2019-05-29T05:10:19","slug":"rising-under-recoveries-to-hit-omc-profit-even-as-crude-prices-rise-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rising-under-recoveries-to-hit-omc-profit-even-as-crude-prices-rise-report\/","title":{"rendered":"Rising under-recoveries to hit OMC profit even as crude prices rise: Report"},"content":{"rendered":"<p>Thinner spreads and rising under-recoveries are expected to shave the operating profit margins of oil marketing companies (OMCs) by 1.5-1.7 per cent this fiscal, even as crude prices remain elevated and volatile, a report said. <\/p>\n<p>According to the rating agency Crisil, operating margins had declined 1.6 per cent in fiscal 2019. <\/p>\n<p>&#8220;We also foresee net profit margins coming under pressure because of higher interest costs. OMCs have had to contract 22 per cent more short-term debt last fiscal because of inadequate payments from the government, and also to service under-recoveries of the recent past,&#8221; Crisil Research Senior Director Prasad Koparkar said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thinner spreads and rising under-recoveries are expected to shave the operating profit margins of oil marketing companies (OMCs) by 1.5-1.7 per cent this fiscal, even as crude prices remain elevated and volatile, a report said. According to the rating agency Crisil, operating margins had declined 1.6 per cent in fiscal 2019. &#8220;We also foresee net profit margins coming under pressure because of higher interest costs. OMCs have had to contract 22 per cent more short-term debt last fiscal because of inadequate payments from the government, and also to service under-recoveries of the recent past,&#8221; Crisil Research Senior Director Prasad Koparkar [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-276433","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276433"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276433\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}