(EnergyAsia, November 16) — Essar Oil, the Indian private sector oil firm, said it has been forced to shut down 200 of its 514 retail fuel stations because of spiraling international crude oil prices and declining margins, The Business Standard reported. Earlier, the company had cut supplies to its dealers across the country by 25%….
INDIA: Essar Oil closes 200 gas stations on rising crude prices, declining margins
Posted on November 16, 2005 by EnergyAsia