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Petrol price can rise by Rs 5/litre to support OMC marketing margins

Friday, April 30, 2021, 21:15
This news item was posted in Business category and has 0 Comments so far.

“With the state elections now over, we expect OMCs to resume retail price increase for auto fuel,” analysts at Credit Suisse said in a recent note, adding that “OMCs need to increase retail prices for diesel by Rs 2.8-3/litre and gasoline (petrol) by Rs 5.5/litre to maintain their FY20 margins.

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