(EnergyAsia, August 2) — India’s downstream oil companies continue to suffer from the government’s decision not to let them raise pump prices to reflect rising prices on the world markets. The latest victim is the Hindustan Petroleum Corp Ltd (HPCL) which reported an increased loss of Rs6.07 billion (US$1=Rs46) for the April-June quarter, compared with…
INDIA: Hindustan Petroleum reports a higher loss of Rs6.07 billion (US$129.6 million) for the April-
Posted on August 2, 2006 by EnergyAsia