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Maroc Maroc - Times of India - Business - 28/Mar 00:35

Centre, oil companies to split impact of higher crude

For the moment, it has managed to ensure that consumers are fully protected as the oil retailers and govt will split the burden of higher crude prices. For the oil marketing companies (OMCs), which will have to take a hit during the March quarter, the impact will not be significant if the Indian basket remains around the current level of $112 a barrel.

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