Lower Brent prices to support margins for Indian fuel refiners: Fitch
New Delhi [India], January 31 (ANI): Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
EBITDA is earnings before interest, taxes, depreciation, and amortisation.
The global rating agency expects the oil companies' gross refining margins to hove