{"id":369668,"date":"2020-08-25T08:41:54","date_gmt":"2020-08-25T03:11:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369668"},"modified":"2020-08-25T09:02:03","modified_gmt":"2020-08-25T03:32:03","slug":"weak-oil-refining-margins-to-put-pressure-on-fuel-retailers-fitch-ratings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/weak-oil-refining-margins-to-put-pressure-on-fuel-retailers-fitch-ratings\/","title":{"rendered":"Weak oil refining margins to put pressure on fuel retailers: Fitch Ratings"},"content":{"rendered":"<p>Fitch Ratings on Monday said state-owned oil refiners IOC, BPCL and HPCL may see longer than previously expected time to recover refining margins, increasing downside risks to their credit profiles. <\/p>\n<p>Also, the push for capital spending and demand for dividends from the government will put pressure on their financial profits, it said. <\/p>\n<p>&#8220;Fitch Ratings believes that Indian oil marketing companies&#8217; gross refining margins (GRMs) will take longer than previously expected to recover, which increases the downside risks to the standalone credit profiles (SCPs) of Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Limited (BPCL), while headroom for Indian Oil Corporation Ltd&#8217;s (IOC) SCP remains limited,&#8221; the rating agency said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Monday said state-owned oil refiners IOC, BPCL and HPCL may see longer than previously expected time to recover refining margins, increasing downside risks to their credit profiles. Also, the push for capital spending and demand for dividends from the government will put pressure on their financial profits, it said. &#8220;Fitch Ratings believes that Indian oil marketing companies&#8217; gross refining margins (GRMs) will take longer than previously expected to recover, which increases the downside risks to the standalone credit profiles (SCPs) of Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Limited (BPCL), while headroom for Indian Oil [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-369668","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=369668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}