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Rs640 crore a day, or Rs2,33,600 crore a year – that is what our state owned oil companies will burn in under-recoveries, if crude oil prices remain at the current levels and retail fuel prices are...
When oil prices first hit the $100 per barrel mark during the first week of January, most oil analysts said the three digit level was unsustainable. Prices promptly corrected to less than $90, as t...