IOCL, HPCL, BPCL - Margin Mix Improves, But Still A Long Way To Go: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.The recent decline in crude prices has reflected in the sharply higher marketing margin on petrol, as gasoline prices have declined in step with crude. Also, while diesel margins have remained strong despite overall worries on global demand for petroleum fuels, absolute prices for diesel have also dipped, helping retail fuel losses to narrow for diesel and for petrol margins to move to a positive territory by August 2022. We have tried to look at the combined gross margins from refining and marketing of petrol and diesel over FY23. Earnings for all the three oil marketing companies (Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd.) have shown a marked improvement over July and August 2022, even though first two weeks of September 2022 (so far) have once again shown a reversal of these trends..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IOCL, HPCL, BPCL - Margin Mix Improves, But Still A Long Way To Go: ICICI Securities

IOCL, HPCL, BPCL - Margin Mix Improves, But Still A Long Way To Go: ICICI Securities

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