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Energy

Oil price fall boosts GRMs, to push marketing margins up for OMCs

Updated : September 16, 2020 02:47 PM IST

OMCs’ core GRM is up to $4.4-4.7 per bbl in September to date boosted by a surge in refinery transfer price (RTP) based cracks.
ICICI Securities estimates OMCs’ Q2-till date core GRM at $1.7-2.5 per bbl and that including crude inventory gain at $3.2-6.5 per bbl.
Oil price fall boosts GRMs, to push marketing margins up for OMCs

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