Fitch expects crude oil prices to fall to an average of $96 a barrel in 2022-23 and believes oil marketers may not cut auto fuel prices immediately.
Fitch expects crude oil prices to fall to an average of $96 a barrel in 2022-23 and believes oil marketers may not cut auto fuel prices immediately.

The worst may be over Indian oil marketing company following a significant increase in debt in the second quarter of the current fiscal year 2022-23 due to weak EBITDA from marketing losses, a depreciating rupee and high working capital needs, Fitch Ratings said, adding that it expects to do so marketing segment turn…



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