POLICY

India to pay $2.5 billion to oil companies over high energy prices

State-run retailers suffer losses by not passing on costs to consumers

Tim Daiss

India to pay $2.5 billion to oil companies over high energy prices

The country's oil ministry has sought a compensation of 280 billion rupees, but the finance ministry is agreeing to only about a 200 billion cash payout, the people said, asking not to be identified as...

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