Petrol and diesel prices appear relatively calm at the pump, yet India's oil companies are still wrestling with a very different reality behind the scenes. Standing at a fuel station today, you might wonder what all the fuss is about. Prices haven't changed since last week's revision. The display board looks almost frozen. Behind that board, however, the math is far less comfortable. India's state-run oil marketing companies (OMCs) have raised petrol and diesel prices several times in recent weeks, but analysts say the increases still haven't fully offset the impact of soaring crude oil costs. Despite the hikes, many estimates suggest companies continue to sell fuel below their effective replacement cost. The Price You See Isn't The Whole Story Oil companies buy crude oil in a global market that has been anything but calm. Recent disruptions in West Asia and continuing uncertainty around energy supplies have pushed crude prices ...
Petrol and diesel prices appear relatively calm at the pump, yet India's oil companies are still wrestling with a very different reality behind the scenes. Standing at a fuel station today, you might wonder what all the fuss is about. Prices haven't changed since last week's revision. The display board ...
Petrol and diesel prices appear relatively calm at the pump, yet India's oil companies are still wrestling with a very different reality behind the scenes. Standing at a fuel station today, you might wonder what all the fuss is about. Prices haven't changed since last week's revision. The display board ...
Petrol and diesel prices appear relatively calm at the pump, yet India's oil companies are still wrestling with a very different reality behind the scenes. Standing at a fuel station today, you might wonder what all the fuss is about. Prices haven't changed since last week's revision. The display board ...
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