India fuel retailers face credit strain as high oil prices persist, says Fitch
Cite this
Citations are auto-generated; verify before publishing. The policy classification is PolicyDhara's, not the source's.
Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Sustained high oil prices would quickly erode EBITDA if domestic pump prices fail to keep pace with rising input costs, while large inventory holdings and refining volumes would increase working-capital needs