India’s downstream oil companies will earn an extra Rs 32 billion after they were allowed to raise domestic oil prices by the country’s recently installed left-leaning government. (US$1=Rs46). The companies had been pressing for domestic prices to be raised in line with higher international prices. The Congress Party-led government of Prime Minister Manmohan Singh conceded…
INDIA: Oil companies to get Rs 32 billion from higher product prices
Posted on June 28, 2004 by EnergyAsia