{"id":625505,"date":"2023-12-30T09:57:14","date_gmt":"2023-12-30T04:27:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=625505"},"modified":"2023-12-30T10:53:19","modified_gmt":"2023-12-30T05:23:19","slug":"fuel-price-cuts-may-be-moderate-impact-on-omc-margins-minimal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-price-cuts-may-be-moderate-impact-on-omc-margins-minimal\/","title":{"rendered":"Fuel price cuts may be moderate , impact on OMC margins minimal"},"content":{"rendered":"<p>Shares of the three state-owned oil marketing companies fell by up to 4% on Friday following reports of a likely cut in the retail prices of petrol and diesel ahead of the general elections scheduled next year. However, analysts believe that any price cut won\u2019t be sharp enough to seriously impact the profitability of these firms, whose earnings have been robust in the last two quarters. <\/p>\n<p>\u201cCurrently, the diesel and petrol gross marketing margins of OMCs are high at Rs 6 and Rs 11 per litre respectively, much higher than the normative level of Rs 3 and Rs 4 per litre each, hence a Rs4-6 per litre cut at retail level would essentially bring their margins closer to normative levels,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of the three state-owned oil marketing companies fell by up to 4% on Friday following reports of a likely cut in the retail prices of petrol and diesel ahead of the general elections scheduled next year. However, analysts believe that any price cut won\u2019t be sharp enough to seriously impact the profitability of these firms, whose earnings have been robust in the last two quarters. \u201cCurrently, the diesel and petrol gross marketing margins of OMCs are high at Rs 6 and Rs 11 per litre respectively, much higher than the normative level of Rs 3 and Rs 4 per [&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":[130,195,138],"tags":[],"class_list":["post-625505","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\/625505","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=625505"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/625505\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=625505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=625505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=625505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}