As international crude prices fell below $80 a barrel for the first time since January, ICICI Securities said on Wednesday the drop will help mitigate marketing losses from oil marketing companies (OMCs) — Hindustan Petroleum Corporation, Indian Oil Corporation and Bharat Petroleum Corporation .
The agent said average diesel losses, which have stood at £10.5 a liter so far in the October-December quarter, will drop to £4.4 a liter on December 6.
“As…
