(EnergyAsia, May 30, Friday) — Forced to sell fuel at below market prices, India’s state-owned oil retailers warn they will run out of money to pay for crude imports as early as July unless the government allows them to sharply raise prices. The government has long ignored the industry’s warnings for years that they cannot…
INDIA: Oil retailers could run out of cash by September
Posted on May 29, 2008 by EnergyAsia