The Economic Times

Crude shock to hit oil companies' margins, but refining gains could save Q2 show

Oil breached $100 a barrel this month with Brent crude at around $107 as US-Iran clashes stoked supply fears. Retail fuel marketing margins are expected to turn into a loss of 7.4 per litre for petrol and 10.3 per litre for diesel in September. However, it is unlikely to erase improvement seen during the first two months of the quarter.