Grms

OMC marketing margins improve in December after extended period of decline

Lower global crude prices, higher gross refining margins have driven overall marketing margins upwards

IOC posts Rs 1,992-cr net loss on petrol, diesel price freeze in Q1

The company's revenue rose 63% to Rs 2.52 trillion as against Rs 1.55 trillion in Q1FY22

BPCL consolidated Q1 net up 31% to Rs 2,873 cr, income up nearly 40%

GRM stood at $4.12 per barrel in Q1FY22 as against $0.39 per barrel a year ago

Gross refining margins for state-run oil firms tumble in September quarter

Analysts said there had been a slowdown in refining demand in certain global markets, and India's diesel demand was slowing down

OMCs report strong gross refining margin for September quarter

With more competition, analysts expect more pressure on marketing volumes at the state firms