Refinery margins, inventory gains to offset losses on petrol, diesel: Fitch

State-owned fuel retailers IOC, BPCL and HPCL may suffer marketing losses in January-March 2022 quarter for holding petrol and diesel prices despite a rise in cost but robust core refining margins and windfall inventory gains should mitigate the potential losses in near term, Fitch Ratings said Tuesday. https://ift.tt/jLqF8WZ