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Refining margins of OMCs seen strong, amid concerns over losses from fuel salesRefining margins of OMCs seen strong, amid concerns over losses from fuel sales

The gross refining margins for downstream oil marketing companies are expected to be positive and set for a “multi-year bullish trend” due to steady demand growth and higher investment in secondary processing by the refiners, ICICI Securities said in a report on Friday. The assessment comes amidst renewed concerns about marketing margins in these companies […]