India's downstream oil and gas profits to fall; upstream to remain strong: Fitch Ratings

New Delhi [India], June 22 (ANI): India's oil and gas sector is poised for a nuanced fiscal performance in FY24, with anticipated declines in downstream profits contrasting with robust upstream growth, according to the latest analysis from Fitch Ratings.

Fitch projects a 3 per cent-4 per cent increase in India's petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial