Home Oil price hike positive for upstream sector; losses to prolong for OMCs: ICRA Oil price increase positive but losses for oil companies

Oil price increase positive but losses for oil companies

The ratings agency noted that increasing oil prices add to the fiscal burden for the country, but it is a positive for upstream oil companies

The ratings agency noted that increasing oil prices add to the fiscal burden for the country, but it is a positive for upstream oil companies

Prasad Sawant
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