In fiscal 2019, the profitability of OMCs was hit as their average gross refining margin (GRM) declined by a third to $5.3 per barrel from $7.9 in fiscal 2017-18.
from Firstpost Business Latest News http://bit.ly/2YNNiqS
Wednesday, 29 May 2019
OMCs under pressure: Rising under-recoveries, thinner spreads to shave operating profit margins by 1.7% this fiscal
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