Lower oil prices to aid OMCs’ marketing margin outlook2 min read 23 Mar 2023, 01:22 AM IST
Low-cost crude would also lead to a drop in working capital needs of OMCs since they have to pay less for oil imports
Softening crude oil prices after staying elevated for more than a year since the start of the Russia-Ukraine war in February 2022 bode well for domestic refiners as well as for the broader economy.
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