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Low oil prices good for importing countries like India: HPCL chairman

What happened in China is, to some extent, related to COVID-19, but (the fall in oil price) is independent in its own ways

Shine Jacob 

Hindustan Petroleum Corporation (HPCL) chairman M K Surana believes that the sharp fall in the international crude oil prices will be a positive for the Indian economy. In an exclusive interview with Shine Jacob, he talks about the current market situation, future of crude oil prices, and its impact on product prices in India.

Edited excerpts How do you see the international pricing scenario panning out? This is not a pure demand-supply play. With the reduction in official selling price (OSP) by Saudi Arabia, I presume that others (oil producers) will follow. There is a possibility ...

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First Published: Mon, March 09 2020. 23:23 IST
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