
Fuel Feuds
The Morning Brief
00:00
Refining and Marketing - What Is Happening?
H b c l has the highest dependence on fual retail, rather than just refining. Every dollar per barrel of incremental gari can actually help compensate for maybe about 55 r to 60 pers of retail fuel losses. So that's the situation that tangfully was there in k for hence, earnings did not take too much of a hit. For the whimsies, we'll see bepesal results that are yet to come ur. But for fie 23 as a whole, it does look very difficult tos imagine a full year where somebody can deliver 20 dollar gas - which is what you would need if youre to keep making a ten rupee loss on retail fields.
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