ONGC has little capacity to absorb oil price surge, says report
Updated : May 25, 2018 10:49 AM IST
Earlier when the company sold oil at discounted rates it was virtually debt free.
reports are coming out about a probable government plan to check fuel price by asking ONGC to sell crude oil at prices below the international rate.
The BJP- led government is facing heat after the prices of petrol and diesel reached unprecedented levels in the country.