Subdued earnings for oil marketing companies – 17 Feb 2023

Earnings for the 3 OMCs remain subdued for the third successive quarter, with blended marketing losses at Rs1.6/ltr in Q3, narrowing Rs5/ltr QoQ.

GRMs have shown divergent trends, however, with a sharp dip (QoQ) in IOCL, but

broadly flattish trends for BPCL and HPCL.

Click on Details for more.