Is the ioc shares going to fall within 2 days
Secondly oil price is on the decline from its current highs due to US recession fears, the talk Bush had with the Saudi Kind and as the rupee strengthens oil becomes cheaper to purchase for IOC. This will surely lessen the strain on the losses due to a subsidized fuel price.
Thirdly, Govt of India was expected to increase prices of petrol but is still in the decision making process. We all know Left and other parties will object to such a hike and thus the Govt will look at decreasing the ...more