India sees robust oil, gas demand forecast despite global slump, benefiting downstream firms.

India Ratings and Research predicts strong oil and gas demand in India for the next fiscal year, despite weak global demand. Downstream companies are expected to maintain stable credit profiles due to high marketing margins offsetting lower refining margins. However, the outlook for upstream companies depends on crude oil prices. Demand for diesel, petrol, and LPG is expected to drive the market.

3 months ago
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