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GRMs are under strain: How will Indian refiners fare?
Apr 18: With the rise in crude prices but without a proportionate increase in product prices, benchmark Singapore refining margins have corrected to US$5.8/bbl ( around11% lower than average of FY18 GRMs).
8This will be a double whammy on pure refining companies as fall in refining margins is coupled with upward looking operating cost.
8Find out how Indian companies are dealing with this development
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