New Delhi, Jan. 31 -- Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.

EBITDA is earnings before interest, taxes, depreciation, and amortisation.

The global rating agency expects the oil companies' gross refining margins to hover around USD 5 per barrel to USD 6.8 per barrel and for marketing margins to remain healthy in 2025-26.

Brent crude is currently trading at USD 75.76 per barrel, publicly available data showed.

The refining margins would be aided by lower crude oil prices, improving demand and slower net capacity growth.

India Oil Corporation Ltd, ...