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OMCs see dwindling margins on high-speed diesel sales: Icra
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₹5.5 per litre, up from Re 1 per litre, and on ATF to ₹2 per litre from nil. Notably, the duty on MS remained unchanged at nil.
This adjustment in SAED was aimed at addressing the rising international prices and crack spreads of HSD and ATF. The ICRA report said the reduction in marketing margins for HSD is likely to impact the operating margins of OMCs in the second quarter of FY 2024 compared to the first quarter of the same fiscal year.
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