Countrys oil import price basket breaches $110 per barrel
Public sector petroleum companies' losses on fuel sales cross Rs 500 crore a day; govt under renewed pressure to allow them to raise petro-product prices New Delhi, April 23: The price basket of crude oil that India imports has crossed an all-time high of $110 a barrel, widening the losses incurred by state-run firms on fuel sales to over Rs 500 crore per day and increasing pressure on the government to allow oil companies to hike the prices of petroleum products like petrol, diesel, domestic LPG and kerosene.