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Fear emerges about reintroduction of price discounts by ONGC and OIL
Nov 14: Crude oil prices are going down but there seems to be increasing nervousness in the market over the possibility of reintroduction of discounts on crude production by ONGC and OIL.
8So far both these companies have avoided discounts, and there have been nil subsidy.
8But increasingly, as the subsidy budget gets trimmer, analysts are factoring in a lower price realization than the prevailing market price for crude
8What are these fears based on? How much are these discounts likely to be?
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