{"id":589716,"date":"2023-07-07T12:48:42","date_gmt":"2023-07-07T07:18:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=589716"},"modified":"2023-07-07T12:48:42","modified_gmt":"2023-07-07T07:18:42","slug":"healthy-refining-retail-margins-in-apr-jun-qtr-set-to-boost-oil-marketing-companies-profits","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/healthy-refining-retail-margins-in-apr-jun-qtr-set-to-boost-oil-marketing-companies-profits\/","title":{"rendered":"Healthy refining, retail margins in Apr-Jun qtr set to boost oil marketing companies&#8217; profits"},"content":{"rendered":"<p>IndianOil, Bharat Petroleum and Hindustan Petroleum are estimated to have made a profit of \u20b98-9 on each litre of petrol and diesel sold at pumps on top of a healthy refining margin in the April-June quarter as domestic retail prices remain frozen while international rates have fallen.<\/p>\n<p>The retail margins on petrol and diesel jumped sharply in the April-June quarter over the previous quarter. This coupled with gross refining margins of $7.7-9 per barrel (net of windfall tax, estimated inventory loss and Russian crude cost-benefit) would help boost the profit of the three state-run oil marketing companies (OMCs), ICICI Securities said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndianOil, Bharat Petroleum and Hindustan Petroleum are estimated to have made a profit of \u20b98-9 on each litre of petrol and diesel sold at pumps on top of a healthy refining margin in the April-June quarter as domestic retail prices remain frozen while international rates have fallen. The retail margins on petrol and diesel jumped sharply in the April-June quarter over the previous quarter. This coupled with gross refining margins of $7.7-9 per barrel (net of windfall tax, estimated inventory loss and Russian crude cost-benefit) would help boost the profit of the three state-run oil marketing companies (OMCs), ICICI Securities [&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":[130,191,136],"tags":[],"class_list":["post-589716","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589716","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=589716"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589716\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=589716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=589716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=589716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}