Govt-owned fuel retailers lose Rs 5 per litre on petrol as oil tops $100 per barrel
Fuel retailers are experiencing substantial losses per litre on petrol and diesel, as international crude oil prices have recently surpassed one hundred dollars a barrel. India relies on imports for over eighty-eight percent of its crude oil consumption. Despite these soaring prices, retail rates for petrol and diesel have remained stagnant for over three months.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
