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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.
ONGC has little capacity to absorb oil price surge, says report
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