India’s Oil Revenue Loss in Lockdown Seen Exceeding $5 Billion
Pedestrians walk along a road past storage tanks in a Indian Oil Corp. facility. (Photographer: Dhiraj Singh/Bloomberg)

India’s Oil Revenue Loss in Lockdown Seen Exceeding $5 Billion

(Bloomberg) -- India’s 40-day lockdown to contain the spread of the coronavirus is curbing oil demand and reducing the government’s tax income from the petroleum industry, which contributes about a...
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