New Delhi, April 9 After imposing a windfall tax on fuel exports, India has moved to cap refinery margins in an effort to offset losses on domestic fuel sales, sources said.The war in West Asia has had two prolonged impacts – a spike in international oil prices, which has led to record losses...
New Delhi, April 5 In a move unprecedented since the deregulation of fuel prices, Indian state-owned oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF), and kerosene, aiming to limit mounting losses resulting from a self-imposed freeze...