According to analysts at Macquarie, Ampol (ASX:ALD), an Australia-based fuel retailer, is projected to experience a strong third quarter, courtesy of robust refining margins.

Ampol’s stocks noted a 0.54% increase, clocking in at A$31.94.

Assuming refinery volumes of 1.55 barrels per litre, Macquarie foresees a smooth operational quarter for Ampol at its Lytton refinery.

The financial firm anticipates an EBIT of A$166 million ($104.73 million) for Q3, which might put Ampol on course for the most successful quarter since a record-breaking Q2 2022.

Macquarie also discussed Ampol’s competitor, Viva Energy, suggesting its refining margins at Geelong operations could offer insight.

However, they foresee a drop in margins for Viva.

Both companies received an ‘outperform’ rating from the brokerage.

Ampol is a leading fuel retailer in Australia, known for its operations in fuel infrastructure and marketing.