OMC marketing earnings expected to rise in fourth quarter, say analysts

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

Oil, OMCs, Oil rig, Fuel, Indian Oil, Hindustan OIL, Bharat Petroleum, Petrol, Gas, LPG, Oil drilling, block, basin

In recent months, losses in the marketing segment have also been partially offset by record high gross refining margins (GRMs) in FY23

Subhayan Chakraborty New Delhi

Listen to This Article

Continuing volatility in international crude and product prices is likely to benefit marketing earnings of oil marketing companies (OMCs) in the fourth quarter of 2022-23, according to analysts.

State run-companies such as IOCL, BPCL and HPCL are expected to see a strong sequential improvement in operating earnings in Q4, results of which are set to be released in the coming days. As a result, margins on diesel are set to turn positive for the first time in the past five quarters, a report by ICICI Securities said.

“Post record-high losses of Rs 17.4 per litre on petrol and Rs 27.7 per litre on diesel for the week ended 24th Jun’22, margins have steadily improved over the past 6 months,” it

First Published: Apr 07 2023 | 7:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to