India

Indian Fuel industries stop taking margins hit

Neighbourhood News Desk/ India/ Garima Kotroo

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The giant fuel retailers such as Indian Oil, Hindustan Petroleum and Bharat Petroleum have been stood up against the government-mandated Rs1 cut off on the sale of every litre of petrol and diesel. While the global prices of fuel are declining at a steep, Indian fuel has been reduced by just Rs1.50. This comes after the Indian Fuel industries faced big losses in the fuel market.

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