Increase in crude prices will weaken Indian oil companies if net realisation doesn't go up: Moody's

Last week, the Central government approved the grant to the Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) to cover losses on sales of domestic LPG between June 2020-June 2022.

from Energy-Industry-Economic Times https://ift.tt/he5nPXN