Dilip Buildcon is known mainly as a road contractor; a pipeline it owns and operates for 25 years brings a different kind of income, a transport tariff over time instead of a one-off construction payment, and needs the…
India imports most of its crude, so each dollar on Brent raises the import bill and the cost base of fuel retailers, airlines, paint and tyre makers, while refiners' margins move with the gap between crude and product…
Standalone refiners such as CPCL and MRPL earn the gross refining margin - the gap between crude and product prices - and have no retail pump network on which prices are held down, so a product-led rise in oil shows up…