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Weekly oil pricing mechanism to stay
Oil firms assured of import premium-based pricing to minimise losses; oil-marketing companies warn repeated revisions discouraging foreign investment.
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Timeline cronologica
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Oil industry cries out over unilateral cut in fuel prices
Estimates losses of around Rs105bn for refineries and marketing companies; several OMCs warn of possible bankruptcy amid already shrinking foreign participation in sector.
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Weekly oil pricing mechanism to stay
Oil firms assured of import premium-based pricing to minimise losses; oil-marketing companies warn repeated revisions discouraging foreign investment.