💨 Abstract

Reliance Industries, India's most valuable company, reported a 4.8% drop in second-quarter profit due to weak fuel refining margins and lower demand for petrochemicals. The drop was despite a 5% increase in revenue from oil-to-chemicals operations. Asian refiners' margins have fallen by 31% this year due to lower demand and increased supply.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖