Friday, August 19, 2022

Indian oil marketing majors' short-term borrowings up 17% in FY22 to Rs 73,000 crore

The jump in borrowings, according to company officials and analysts, is attributable to increased working capital needs on the back of a freeze in revision of petrol and diesel prices, even as crude oil prices jumped 72% in the last fiscal.

from Energy-Industry-Economic Times https://ift.tt/XhsofZp

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