Oil refiners may see fall in profit next financial year
The New Indian Express Vishakapatnam|January 04, 2025
INDIAN oil refineries will see their profits decline in the next financial year, according to a report by Fitch Ratings.
ENS ECONOMIC BUREAU @ New Delhi

The main reasons for this decline are lower prices for petroleum products, a surplus of these products in the region, and reduced benefits from fluctuations in global crude oil prices.

This decline is attributed to lower prices for petroleum products, oversupply in the region, and reduced benefits from fluctuations in global crude oil prices.

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