Asia’s refining margins for diesel hit a fresh record on Tuesday but may start cooling off as early as next month as refiners ramp up output and the upcoming monsoon season threatens demand, traders and analysts said. Rising fuel prices worldwide have contributed to runaway inflation and generated big profits for refiners as economic growth and the recovery from the pandemic strain supplies. If diesel prices stabilise or fall, then inflationary pressures may ease. Refining margins for 10 ppm gasoil in Singapore – a benchmark for diesel, jet and heating oil in Asia – ended Tuesday at […]