(EnergyAsia, May 29, Thursday) — India could soon face a nationwide fuel supply squeeze as cash-strapped oil retailers are planning to reduce sales to limit losses in the country’s price-controlled market. Under orders from the government not to raise retail prices, the country’s main downstream companies IOC, HPCL and BPCL are threatening to reduce supplies…
INDIA: Consumers face supply squeeze as oil companies suffer mounting losses on rising crude price
Posted on May 28, 2008 by EnergyAsia