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Unable to pass on cost, oil companies take emergency steps

Oil companies’ revenue losses on sale of auto fuels may jump further as international oil prices surged to $114 a barrel on Thursday session on the back of the EU’s move to phase out Russian energy imports.

Domestic oil companies have resorted to a range of emergency measures such as stopping credit facilities to pump owners and rationing fuel supplies to retail outlets, (PTI)
Domestic oil companies have resorted to a range of emergency measures such as stopping credit facilities to pump owners and rationing fuel supplies to retail outlets, (PTI)
Updated on May 06, 2022 03:43 PM IST
ByRajeev Jayaswal
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