What is gross refinery margin?Explain clearly

Answer Posted / tulja

Gross Refinery Margin (GRM) is the differential between
average product prices realized by the refinery less the
average cost of crude oil.

As the International prices of crude oil and petroleum
products have been extremely volatile since 2004, we
consider the average prices & costs.

Is This Answer Correct ?    5 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why bond prices are inversely related to interest rates?

554


What are main courses that price of the share goes up and down in daily transaction?

571


What is disinvestment? Why is it done?

653


Tell something about the demonetization bill introduced in the Lok Sabha?

612


What is indemnity?

623






Tell about Plastic Currency?

653


What is the difference between Repo Rate and Reverse Repo Rate?

672


What is the reason for the current fall of Indian economy?

674


why n how the gold is inversely proportional to rupee value? thnx....

2279


What do you know about NIACL?

719


Where are SEBI headquarters located?

698


explain the impact of manufacturing sector after the global melt down? what are the strategical decissions required to be taken by the corporate sector to revive the situation?

1563


What are the general techniques used by sccs?

563


hi viewers my name is prapul i would like to know how to prepare for an interview i had done my mba finance

1827


what is the difference between cash memo or  credit memo  vs invoice any legal action can be taken against cash or credit memo.

2410