(EnergyAsia, May 19) — Indian Oil Corp (IOC) and its marketing unit IBP will again take a financial hit as the Indian government continues to deny their request to raise pump prices while crude oil prices keep soaring. IOC alone is expected to record shortfalls of Rs22.24 billion for April (Rs44.95=US$1). Last year, the…
INDIA: Downstream companies continue to suffer as fuel retail price cap stays
Posted on May 19, 2006 by EnergyAsia