{"id":502713,"date":"2022-07-04T09:51:35","date_gmt":"2022-07-04T04:21:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=502713"},"modified":"2022-07-04T10:36:18","modified_gmt":"2022-07-04T05:06:18","slug":"windfall-tax-rils-refining-margins-to-be-hit-by-upto-8-bbl-say-analysts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/windfall-tax-rils-refining-margins-to-be-hit-by-upto-8-bbl-say-analysts\/","title":{"rendered":"Windfall tax: RIL&#8217;s refining margins to be hit by upto $8\/bbl, say analysts"},"content":{"rendered":"<p>With the government making it clear that the new windfall tax will also be imposed on special economic zones, Reliance Industries&#8217; gross refining margins (GRMs) will be negatively impacted by $6-8 a barrel, said analysts with Morgan Stanley and Jefferies.<\/p>\n<p>&#8220;No sunset date has been specified, though we believe this is an extraordinary measure given the inflated profit environment in refining today. Gasoline and diesel are the key contributors to Reliance&#8217;s refining slate contributing 72 per cent of refining throughput. We estimate $7\/bbl blended impact on RIL excluding any exemption. With 58 per cent of RIL&#8217;s refined products being exported, the blended impact for Reliance could be Rs 3.4 a litre translating to $7 a barrel impact on realized GRM,&#8221; a report by Jefferies said<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the government making it clear that the new windfall tax will also be imposed on special economic zones, Reliance Industries&#8217; gross refining margins (GRMs) will be negatively impacted by $6-8 a barrel, said analysts with Morgan Stanley and Jefferies. &#8220;No sunset date has been specified, though we believe this is an extraordinary measure given the inflated profit environment in refining today. Gasoline and diesel are the key contributors to Reliance&#8217;s refining slate contributing 72 per cent of refining throughput. We estimate $7\/bbl blended impact on RIL excluding any exemption. With 58 per cent of RIL&#8217;s refined products being exported, [&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-502713","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\/502713","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=502713"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/502713\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=502713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=502713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=502713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}