OMCs raise profit margin with ethanol-blended petrol
Sale of ethanol-blended petrol has turned more profitable for the oil marketing companies (OMCs) with the recent increase in petrol prices. Their margin on a litre of ethanol has moved up from Rs 7.90 per litre to Rs 12.43 since November when blending was reintroduced.
This also helps the OMCs
Publication Date:
25/01/2011