Prime Minister Narendra Modi on Tuesday, March 10, held a meeting with some of his ministers and asked them to make sure Indian consumers do not suffer due to the impact of the conflict between United States-Israel and Iran on the supply and price of petroleum products, news agency quoted PTI as saying. Amid rising…
Petrol had held up better until last week, with Investec estimating marketing margins at ₹7 a litre. However, petrol forms a smaller share of OMCs’ volumes. Rising crude means petrol cracks are swinging violently, and with a lack of pricing levers at the pump to protect downside, the math is set to change. Petrol margins…
The IPO would largely be an offer for sale for 22% stake by promoter Indian Energy Exchange Ltd, says MD and CEO Rajesh Mediratta. Source
