jumped 11.66 per cent to hit a day high of Rs 706.45 , A rise in crude oil prices benefits refineries like Chennai Petroleum,High oil prices weighed on the profitability of oil marketing companies (OMCs) during the financial year 2024-25 (FY25). GRM is the difference between the total value of petroleum products coming out of an oil refinery and the price of the raw material, which is crude oil.

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