- Despite a decline in global crude oil prices, the central government is allowing domestic fuel prices to rise, leading to accusations of profiteering from fuel taxes.
- A regulator has convened to discuss fair petroleum pricing because global oil price shifts are not being absorbed by the domestic market.
State-run oil marketing companies are successfully absorbing crude prices in the $85-$90 range.
2 reports, 2 independent
Updated Sep 2
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What happened
State-run oil marketing companies are successfully absorbing crude prices in the $85-$90 range.