Fitch: India's Diesel Deregulation Positive For Oil Companies

(The following statement was released by the rating agency) SINGAPORE/HONG KONG, October 21 (Fitch) The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies that are the principal retailers of petroleum products, says Fitch Ratings. The decision is also likely to lead to more private firms entering the diesel market in the medium term, resulting in greater competition. The decision to deregulate diesel prices