"Earnings decline was driven by a sharp fall in retail fuel margins for petrol and diesel with an estimated net loss of Rs 10 per litre for petrol and Rs 14 a litre for diesel for the quarter and inventory loss of Rs 1,500-1,600 crore due to excise duty cut in the quarter," reported PTI citing ICICI Securities.
from Energy-Industry-Economic Times https://ift.tt/eQF4nhX
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