ICICI Securities Ltd | Retail Equity Research Oil Refining and Marketing Companies Volatile operational factors create uncertainty Brent crude oil prices witnessed an upward trajectory in the past two quarters and are currently at high levels of US$77/bbl. More recently, crude oil prices have seen sharp fluctuations in the range of US$70-80/bbl. In addition, depreciation of the rupee has also been a concern. The consequent high petrol and diesel prices resulting in uncertainty over oil marketing...