BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Key trends in oil and gas sector in Q2 FY22 were:
Dubai and Brent crude were up 68-71% YoY at $71.4-73/barrel of oil on a low base;
Domestic gas price was down 25% YoY but flat QoQ at $2.0/ metric million British thermal unit (10-year low);
Reuters’ Singapore gross refining margin was at an eight-quarter high of $3.8/bbl;
Auto fuel net marketing margin was up 34% YoY at Rs 3.5/litre; and
Auto fuel consumption was up 13-15% YoY and total products up 9% YoY.
However, diesel and total consumption was down 9-6%, but petrol was up 4% over Q2 FY20 (pre-Covid-19) levels.
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