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Indian Oil Slips on Policy Mess

Wall Street Journal Original article ›

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India's largest oil refiner, state owned Indian Oil, had a loss of $4 billion in the June 2012 quarter. Analysts say prices have to go up by 26% for sales to be profitable. The government mandates fuel prices at below market rates. Below market prices for diesel are estimated to cause 60% of the loss at refiners.

Indian Oil performance

08/10/2012

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Indian Oil Slips on Policy Mess

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Indian Oil Slips on Policy Mess

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