The diesel and petrol sales by state oil companies have fallen by 28% and 47.5%, respectively, in the first fortnight of May from a year earlier, according to industry executives. New Delhi: India’s fuel demand is recovering fast in May after falling at a record pace in April following the easing...
The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the US benchmark WTI contract plunged to minus $38 a barrel NEW YORK: A month after sellers had to pay nearly $40 a barrel to get rid...
The primary trigger is the poor financial condition and revenue collection abilities of most state discoms. Part of the package announced by Finance Minister Nirmala Sitharaman Wednesday (May 13) was a Rs 90,000-crore liquidity injection into power distribution companies (or discoms). The move is aimed at helping the discoms...
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