Oil companies losing close to Rs 3 a litre on diesel, profit on petrol down

International oil prices, against which domestic rates are benchmarked as India is 85 per cent dependent on imports to meet its oil needs, had softened late last year but firmed up again in the second half of January.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/oil-companies-losing-close-to-rs-3litrediesel-profitpetrol-down_17432761.html
via IFTTT