Fuel Price Cut To Squeeze Oil Marketers’ Margins
An Indian Oil Corporation petrol station is pictured in New Delhi, India. (Photographer: Amit Bhargava/Bloomberg News)

Fuel Price Cut To Squeeze Oil Marketers’ Margins

India’s aim to cushion consumers from rising crude prices and a weaker rupee will hurt the marketing margins of state-run oil retailers.While the government lowered the excise duty on petrol and di...
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