(EnergyAsia, September 26, Wednesday) — India’s state oil marketing firms are facing a 240% rise in their subsidy burdens this year, threatening to tear big hole into their financial results.World oil prices have been rising to record levels, hitting a high of $84.10 a barrel last week, but the oil companies selling fuels to Indian…
INDIA: State oil firms’ performance hurt by subsidies
Posted on September 25, 2007 by EnergyAsia