Refining margins weaken at Indias BPCL

摘要

Gross refining margins (GRMs) at Indian state-controlled refiner Bharat Petroleum (BPCL) fell sharply in April-June, in line with weaker benchmark margins in the period. BPCLs margins in April-June, the first quarter of Indias 2016-17 financial year, fell by 28.8pc to $6.09/bl from $8.55/bl a year earlier. Margins were slightly lower than $6.30/bl in the January-March quarter.