Expect Dip In Refining Margin For RIL In Q1: Abhijeet Bora, Sharekhan
  • WebDesk BTVI
  • Jul 19 2019

Talking on the preview for the first quarter results of Reliance Industries (RIL), Abhijeet Bora, senior research Analyst at ShareKhan, said he expects a dip in gross refining margin (GRM) for RIL to around $8.3/bbl. He said Singapore GRMs are around $6/bbl largely due to being heavy on petrol cracks. However, he said that it's too early to talk about any trend on GRMs.