Fuel prices set for potential ₹2-3 cut as marketing margins improve: ICRA
The improvement in marketing margins for Oil Marketing Companies (OMCs) has been largely driven by a significant drop in crude oil prices in recent months.
The improvement in marketing margins for Oil Marketing Companies (OMCs) has been largely driven by a significant drop in crude oil prices in recent months.
Brent crude oil price has fallen 9.2% in the last two days to $78.01 per barrel, the lowest level since December 12, 2022.
Petrol, diesel price today: Petrol in Mumbai will now cost ₹115.88 per litre, while diesel rates shot up to ₹101.10 a litre.