Sharma said that Forging Industry and Steel Re-Rolling Mills that are solely dependent on furnace oil has been facing the heat as prices of crude oil has hit the roof top in recent past.
He said that while furnace oil that was the ultimate residue of crude after distilling petrol and diesel was being sold at Rs 37/- a litre, diesel after the price hike would be sold at Rs 35.76 a litre, still Rs 1.24 less than crude oil.
Sharma demanded that government should be equally sensitive towards prices of crude oil as it is with petrol and diesel prices, otherwise it could be big blow for the industries.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app