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    O
    Oil and Gas
    SECTOR | 15 Dec 2022

    Marketing margins hit 10-month high, upgrading estimates and view on OMCs

    buy
    Oil and Gas
    by ICICI Securities Limited
    ICICI Securities Limited
    Blended marketing margin for petrol & diesel (based on RTP averages ending 13th Dec) reached a 10-month high of Rs2.4/ltr (margins assuming 13th Dec prices only at a higher Rs6.4/ltr), with average GRMs for Q3TD sustaining at US$13-16/bbl for the three OMCs.
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