Tag
India's state-run oil companies are absorbing large daily losses as global crude prices stay high and the West Asia crisis strains supply routes. A fuel price hike is being weighed to ease the financial burden, though no timeline has been announced.
India's government has allowed contractors to invoke Force Majeure clauses for up to four months, formally recognising the West Asia crisis as a qualifying event. This gives businesses with government contracts a legal shield against penalty clauses tied to supply chain and project disruptions.
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
Tag
India's state-run oil companies are absorbing large daily losses as global crude prices stay high and the West Asia crisis strains supply routes. A fuel price hike is being weighed to ease the financial burden, though no timeline has been announced.
1mo ago · 2 min · Economy
India's government has allowed contractors to invoke Force Majeure clauses for up to four months, formally recognising the West Asia crisis as a qualifying event. This gives businesses with government contracts a legal shield against penalty clauses tied to supply chain and project disruptions.
2mo ago · 2 min · Policy & Government
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
2mo ago · 1 min · Economy
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