NEW DELHI (Reuters) - Indian refiners are considering using their oil inventories to cut import costs as global oil prices have risen to about $80 a barrel and the Indian rupee has plunged, said the chairman of the nation's top oil refiner, Indian Oil Corp.
Sanjiv Singh, who was present at a Sept. 15 meeting of Indian oil refiners where the inventory plan was discussed, said the companies are also looking at ways to widen their crude slate and crude sources to cut imports.
(Reporting by Nidhi Verma; Editing by Christian Schmollinger)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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