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OMCs to see over 50% jump in operating profits as marketing margins strengthen: Anuj Sethi, Crisil Ratings

Crisil Ratings Anuj Sethi says Indias OMCs are set to see over 50% growth in operating profits this fiscal as softer crude boosts marketing margins to $14 per barrel, even as refining margins moderate. With crude expected at $6567, global supply steady and inventories strong, oil prices may fall further, while domestic retail fuel prices are likely to remain unchanged.