{"id":459352,"date":"2021-12-30T11:32:45","date_gmt":"2021-12-30T06:02:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459352"},"modified":"2021-12-30T11:32:45","modified_gmt":"2021-12-30T06:02:45","slug":"oil-marketing-companies-make-higher-margins-as-crude-falls","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-marketing-companies-make-higher-margins-as-crude-falls\/","title":{"rendered":"Oil marketing companies make higher margins as crude falls"},"content":{"rendered":"<p>It is supposedly market-driven pricing, but over the last around nine weeks, state-run oil marketing companies (OMCs) haven\u2019t let the decline in crude oil prices benefit consumers. Instead, these firms have just made higher margins on the sales of auto fuels.<\/p>\n<p>OMCs haven\u2019t reduced the prices they charge the retailers for the diesel and petrol since November 4, so their marketing margins on the two fuels have risen to around Rs 9\/litre or roughly 30% from the October level, analysts said. The price of Indian basket of crude fell from the level of $83.7\/barrel on November 2 to $74.6\/barrel on December 28 (see chart).<\/p>\n<p>\u201cIf OMCs could maintain such margins till the end of January, they could report Q4 average margins above normative levels despite major elections in Punjab and Uttar Pradesh in Feb-March, unless oil prices spike,\u201d analysts at Emkay Global wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is supposedly market-driven pricing, but over the last around nine weeks, state-run oil marketing companies (OMCs) haven\u2019t let the decline in crude oil prices benefit consumers. Instead, these firms have just made higher margins on the sales of auto fuels. OMCs haven\u2019t reduced the prices they charge the retailers for the diesel and petrol since November 4, so their marketing margins on the two fuels have risen to around Rs 9\/litre or roughly 30% from the October level, analysts said. The price of Indian basket of crude fell from the level of $83.7\/barrel on November 2 to $74.6\/barrel on [&hellip;]<\/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":[130,195,138],"tags":[],"class_list":["post-459352","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\/459352","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=459352"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459352\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}