Fitch Ratings: Robust Refining Margins Support Indian Downstream Firms' Credit Profiles

Fitch Ratings-Mumbai: Strong refining margins and the likely inventory gains arising from increasing oil prices should offset the moderate marketing margins of Indian oil marketing companies (OMCs) and continue to support their standalone credit profiles (SCP), says Fitch Ratings. Fitch expects diesel and gasoline refining margins to remain healthy in the near term, with the

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