{"id":348253,"date":"2020-04-25T11:51:32","date_gmt":"2020-04-25T06:21:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348253"},"modified":"2020-04-25T11:51:32","modified_gmt":"2020-04-25T06:21:32","slug":"falling-crude-state-run-omcs-may-report-q4-inventory-loss-of-rs-33000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/falling-crude-state-run-omcs-may-report-q4-inventory-loss-of-rs-33000-crore\/","title":{"rendered":"Falling crude: State-run OMCs may report Q4 inventory loss of Rs 33,000 crore"},"content":{"rendered":"<p>India\u2019s three state-run oil marketing companies (OMCs) \u2014 IOCL, HPCL and BPCL \u2014 could among themselves report massive inventory \u2014 crude and products \u2014 losses of around Rs 33,000 crore in Q4FY20 because of a precipitous fall in crude prices through the quarter, according to analysts.<\/p>\n<p>Somewhat strong gross refining margins before the lockdown that stunted demand helped these firms in the quarter to salvage the situation a bit, yet they could all be in the red in the quarter. Also, one of the analysts said these firms might see a plunge in gross refining margins (GRMs) in the April-June period (Q1FY21) because of the demand destruction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s three state-run oil marketing companies (OMCs) \u2014 IOCL, HPCL and BPCL \u2014 could among themselves report massive inventory \u2014 crude and products \u2014 losses of around Rs 33,000 crore in Q4FY20 because of a precipitous fall in crude prices through the quarter, according to analysts. Somewhat strong gross refining margins before the lockdown that stunted demand helped these firms in the quarter to salvage the situation a bit, yet they could all be in the red in the quarter. Also, one of the analysts said these firms might see a plunge in gross refining margins (GRMs) in the April-June [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-348253","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348253","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348253"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348253\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}