Oil & Gas Monthly Update - Trend watch - Energy - BRICS Research

Gasoline spread recovered after record fall in November but still 52% lower than year ago; middle distillate crack declined on increase in supply

GRM complexity premium to suffer due to narrowing light-heavy differential. RIL likely to report GRM of US$8.5/bbl for Q3FY12

OMC's average estimated loss for December was Rs28.3/lit. on kerosene, Rs12.8/lit. on diesel, Rs1.89/lit. on petrol and Rs348/cylinder on domestic LPG.

Source : Equity Bulls

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