{"id":402671,"date":"2021-03-02T11:21:33","date_gmt":"2021-03-02T05:51:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402671"},"modified":"2021-03-02T11:21:33","modified_gmt":"2021-03-02T05:51:33","slug":"record-high-margins-on-fuel-sales-cut-omcs-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/record-high-margins-on-fuel-sales-cut-omcs-debt\/","title":{"rendered":"Record high margins on fuel sales cut OMCs debt"},"content":{"rendered":"<p>MUMBAI: Retail prices of fuel have touched an all-time high, and so have the marketing margins of oil marketing companies&#8211;Indian Oil Corp. Ltd. (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL)&#8211;strengthening their profitability and trimming debt.<\/p>\n<p>As of now, daily gross marketing margin on diesel\/petrol stands at over Rs3 per litre.<\/p>\n<p>&#8220;Even as retail prices for auto fuels in India touch record highs, OMCs are earning marketing margins of \u20b92.8-3.6 per liter on petrol-diesel (higher than their long-term average of \u20b93 per liter) due to regular price hikes,&#8221; said Motilal Oswal in a 22 February note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Retail prices of fuel have touched an all-time high, and so have the marketing margins of oil marketing companies&#8211;Indian Oil Corp. Ltd. (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL)&#8211;strengthening their profitability and trimming debt. As of now, daily gross marketing margin on diesel\/petrol stands at over Rs3 per litre. &#8220;Even as retail prices for auto fuels in India touch record highs, OMCs are earning marketing margins of \u20b92.8-3.6 per liter on petrol-diesel (higher than their long-term average of \u20b93 per liter) due to regular price hikes,&#8221; said Motilal Oswal in a 22 February note.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-402671","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402671","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402671"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402671\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}