State-run oil marketing company (OMC) Hindustan Petroleum Corporation (HPCL) may report losses in the financial year 2012-13 owing to poor refining margins, forex losses and increasing interest costs, research firm Antique said recently.
The company may be able to improve its realisation only if the government raises diesel, kerosene prices, reports suggest.
Recently, media reports suggested that the oil ministry moved a cabinet note to increase fuel prices, particularly diesel, by less than a rupee per month in order to align it with market rates and eventually deregulate it in next 15 months.
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