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ICICI Securities: Auto Fuel Marketing Margins May Remain High To Make Up For Weak Gross Refining Margin

The net marketing margins for auto fuels remain strong and appear to be on track to exceed estimates of Rs 3.3 per litre in FY21.

A droplet of petroleum drops from a fuel nozzle at a fuel pump. (Photographer: Andrey Rudakov/Bloomberg)
A droplet of petroleum drops from a fuel nozzle at a fuel pump. (Photographer: Andrey Rudakov/Bloomberg)
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