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How much will be the burden of upstream companies such as ONGC, OIL and GAIL?

April 26, 2017companies gail Oil ongc upstream

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How much will be the burden of upstream companies such as ONGC, OIL and GAIL?

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The state-owned oil marketing companies (OMCs) such as Indian Oil Corporation, Hindustan Petroleum Corporation Ltd, and Bharat Petroleum Corporation Ltd who are forced to sell petroleum products such as petrol, diesel, LPG and Kerosene below cost have been incurring huge under-recoveries. Since September this year, crude prices more…