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Rise in world oil prices dents margin of OMCs
January 2013
Owing to the recent rise in the international petrol price and depreciation of rupee, the marketing margin of Oil Marketing Companies (OMCs) on every litre of petrol declined considerably.During the second fortnight of November, the average international price rose to $118.64 a barrel from $113.74 a barrel in the first fortnight. The dollar-rupee exchange has moved from Rs 54.24 to Rs 55.21 between the two periods.
Rise in world oil prices dents margin of OMCs
January 2013
Owing to the recent rise in the international petrol price and depreciation of rupee, the marketing margin of Oil Marketing Companies (OMCs) on every litre of petrol declined considerably.During the second fortnight of November, the average international price rose to $118.64 a barrel from $113.74 a barrel in the first fortnight. The dollar-rupee exchange has moved from Rs 54.24 to Rs 55.21 between the two periods.
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