Govt Rules Out Bailout for Oil Firms Despite Losses
The Indian government has ruled out a bailout for state-owned oil marketing companies, which are incurring heavy losses due to rising crude oil prices and retail fuel prices being kept stable.
The Indian government has ruled out a bailout for state-owned oil marketing companies, which are incurring heavy losses due to rising crude oil prices and retail fuel prices being kept stable.
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RecommendedA global crude oil supply gap of 4.8 million barrels per day could lead to demand destruction and improve margins for oil marketing companies, according to a report.