20, Mar, 2023
OMCs Q4FY19 Review: Refining tepid, marketing shines


The three oil marketing companies (OMCs)—Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Indian Oil Co Ltd—reported good numbers on a quarter-over-quarter basis in the March 2019 quarter due to a surge in marketing segment earnings, ranging from 80 percent to 130 percent. But gross refinery margins (GRMs) across […]