Premium
This is an archive article published on June 13, 2008

145;Current oil price unsustainable146;

RIL chairman Mukesh Ambani said the current crude price is an aberration. 8220;Such high oil prices are...

.

RIL chairman Mukesh Ambani said the current crude price is an aberration. 8220;Such high oil prices are unsustainable,8221; he said. 8220;It is the government which gains when crude prices are high as it gets to keep 80-85 per cent of the price increment. On the contrary, high oil prices affect our cost of conversion making us feel the price pressure. Since we have one of the most modern refineries in the world, we have been able to maintain and increase our profitability.8221;

 

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement