Refining and Marketing Bhd’s net profit for its fourth quarter ended Dec 31,2020 rose 45% to RM42.02mil from RM28.97mil in the previous corresponding period, boosted by improved refining margins and net inventory gains from recovering oil prices in the final quarter of 2020. In a statement, it said revenue in the fourth quarter was, however, lower at RM1.51bil, compared with RM2.91bil a year earlier. “Petron’s sales volume in the fourth quarter of 2020 was, however, still lagging versus the same quarter in 2019 due to the implementation of another conditional movement control order, slowing down movement and economic activity.