New Delhi, Nov 28 | Petrol and diesel prices may have risen in eight of the past nine days, but further price hikes would be needed to keep auto fuel marketing margins of oil retailers high, experts have said.
High marketing margins is required by oil companies to maintain profitability in a market where global oil prices are firming up while refining margins are shrinking.
According to a report by ICICI Securities, auto fuel net marketing margin is has remained at comfortable levels of Rs 4.2 per litre in current financial year (FY21) till date. It has been Rs 3.34 per litre in Q3FY21- till date and Rs 3.59 a litre on November 25, 2020.
However, a rise in international auto fuel prices would have meant net margin fall to Rs 1.05 per litre on December 1 and a negative (-) Rs 0.45 per litre on December 16.
“Further price hikes are required and we are hopeful of the same to ensure net margins remain at Rs 2.0-2.5 a litre,” the brokerage said in its report.
If the oil companies are following this principle of keeping up marketing margin Rs over Rs 2 per litre, petrol and diesel prices could see an increase by that level over next few days. This would mean that auto fuel prices would continue its daily price increase momentum for some more time.
A good thing from the current envelop me to is that, OMCs would also gain substantially from inventory in a rising market. It is estimated OMCs’ product inventory gain at Rs 450 to 880 crore in Q3-till date.
Approximate 200+ 1BHK apartments or flats in Jabalpur available for sale at budget price
As per available data with BhaskarProperty.com approximate 200+ 1BHK Residential Flats for Sale in Jabalpur at a very low price. This is the right time for small property buyer to grab new property in Jabalpur with multiple benefits.
At this time Builder and Developer in Jabalpur also target to the maximum sale before the end of year. Also banks are giving low rate loan for housing. The 1BHK Flats for sale at multiple prime residential location in Jabalpur are available.
1BHK apartment’s starting price in Jabalpur is 12.0 Lac*
Some of the Real Estate Developer in Jabalpur are offering 1BHK Flat at Just 12.0 Lac (Starting Price) with multiple benefits like lift, parking, 24×7 water, CCTV and many more.
You can find more details about these from bhaskarproperty.com a Jabalpur Real Estate Website.
Most preferred residential location in Jabalpur
The most preferred residential locations in Jabalpur are Civil Lines, Vijay Nagar, Kachnar City, Napier Town, Wright Town, Lekha Nagar, Sadar, Sneh Nagar, Hathital and many more.
BhaskarProperty.com is the best property portal for Jabalpur Real Estate market
The Bhaskar Property (bhaskarproperty.com) have property’s photos, video, walkthrough, location map and property browser with information. Also they provide the direct contact details of property owner and agent to whom a property buyer can directly contact.
Don’t forget to visit bhaskarproperty.com now.