MUMBAI – Over the last five months, the average price of India's imported crude oil has jumped 105%. But, so far, the government has been protecting consumers here. The retail price of gasoline and diesel was raised only once, in June, by a mere 4%. Home fuels such as liquid petroleum cooking gas (LPG) and kerosene continue to be subsidized. As a consequence of the cost-price imbalances, the balance sheets of oil companies and the government are sliding into the red. Indian oil companies ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.