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What is gross refinery margin?Explain clearly

Question Posted / sathya.8688


What is gross refinery margin?Explain clearly..

Answer / 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

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