Revisions in fuel retail price come as a relief for oil marketing companies2 min read 11 Jun 2020, 06:16 PM IST
Analysts maintain consistent price hikes would help OMCs make reasonable marketing margins, reflecting in earnings
After a 12-week pause, state-owned oil marketing companies (OMCs) started revising auto fuel prices on a daily basis this week. OMCs include Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. Ltd (IOC). The increase in retail prices comes as a relief to OMCs, as estimated marketing margins were quite low recently. In fact, price hikes were the need of the hour.
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