Stable fuel prices to boost OMCs' profits over 50%
pre-market1 source ↓written by the desknot a recommendation
- this fiscal year
- 50% surge in operating profits
- reaching
- $18-20 per barrel
- to soften
- $65–67 per barrel
Oil marketing companies (OMCs) are set for a 50% surge in operating profits this fiscal year, reaching $18-20 per barrel. This growth is attributed to improved marketing margins amid stable fuel prices and favorable crude dynamics. Crude prices are projected to soften to $65–67 per barrel, impacting refining margins. 📈
• Revenue sources: refining and marketing
• Capex forecast: ₹90,000 cr
• Market implications: Positive sentiment for OMCs as margins stabilize.
Not investment advice. For informational purposes only.