India's fuel demand recovery to continue in Q4 FY22: Fitch

India's fuel demand recovery to continue in Q4 FY22: Fitch

• By Staff Writer

India's fuel demand will continue to recover through Q4 of FY22 due to easing COVID-19-related restrictions boosting economic activity, Fitch Ratings said on Monday. It added that strong prices are expected to improve the financial profiles of upstream oil and gas companies. "We expect improved demand for petroleum products to reach pre-pandemic levels," Fitch said.