(EnergyAsia, April 27 2012, Friday) — India’s long-suffering oil refiners are seeking an additional cash compensation of 400 billion rupees from the government to continue producing and selling fuel to domestic customers at a loss. (US$1=51 rupees).The government has repeatedly rejected the refiners’ request to raise fuel prices to reduce their operating losses from their…
INDIA: Denied diesel price hike, oil refiners seek additional compensation of 400 billion rupees
Posted on April 27, 2012 by EnergyAsia