Oil refining margins at new highs of $26
Soumeet Sarkar, ET NOW
June 17, 2022
Who was cited:
Dr Fereidun Fesharaki, Chairman, FGE
Singapore Gross Refining Margins – Asian benchmark – touched new life highs of the $25.9 per barrel mark, on the back of rising demand for refined products globally. This is expected to benefit Reliance Industries, IOCL, BPCL, HPCL, MRPL, and Chennai Petroleum as they process raw crude into refined products.