Retail margin on diesel turns positive for the first time in five quarters
Oil marketing companies are estimated to have made a profit of 50 paise per litre on the retail sale of each litre of diesel in the fourth quarter, compared to a loss of INR 6.5 per litre in the third quarter. In the second and third quarters, the losses were INR 10 and INR 12.5 per litre respectively. In the January-March period of 2022, the loss was INR 2.6 on each litre of diesel.
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