Hike in retail prices support marketing margins Global oil prices fell to multi-year lows in April due to a sharp reduction in demand. With increase in demand following a resumption of economic activities, oil prices recovered. Brent crude oil prices on a closing basis increased by US$19.4/bbl QoQ to US$40.9/bbl. IOC reported marketing inventory gain of | 1392 crore. Core marketing margins were stable during the quarter as the company increased petrol & diesel prices post excise duty hike. IOC's marketing sales de-grew 29.2% YoY to 15.2 MMT (our estimate:...