Gross under recoveries (GURs) of oil marketing companies will go down to around Rs 18,000 crore in FY2017 (with average Indian basket crude oil price of US$55/bbl and INR/US$ of 68 for the rest of FY2017). Despite recent spike in crude oil prices, the GURs would fall due to lower prices in first 8M FY2017, gradual monthly increase in prices of...http://goo.gl/WNluOb
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