Petrol marketing margins estimated to turn positive for state-run oil firms in Q2FY27

The Economic Times, citing Emkay Research, reports that state-run oil marketing companies’ fuel marketing losses narrowed in the September quarter. Emkay estimated petrol marketing margins, excluding the windfall levy, rose from a Rs 12-per-litre loss in the previous quarter to a Rs 2.9-per-litre gain. Diesel marketing remained loss-making at Rs 16.7 per litre, down from Rs 32. Emkay attributed the improvement to lower crude prices and the full impact of retail fuel price hikes.