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IOC 
Reputation: 642,681 • Sep 7, 2023 3:33 PM
OMC Shares tumble 3-10% since Aug amidst crude surge, lower Russian discount
Oil marketing firms are grappling with a tough Q2 of FY24 as Brent crude prices rise while retail fuel prices remain stable. This is likely to affect their profits due to shrinking gross marketing margins, with a 45% drop in petrol margins in Q2.
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24 Shares
NSE:IOC price when posted: 91.65