Outlook for refiners sours amid covid even as soaring energy prices force them to sell fuel below cost
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NEW DELHI : The government called off the strategic sale of Bharat Petroleum Corp. Ltd (BPCL) after companies that showed initial interest in buying the country’s second-largest state-run refiner changed their minds as the outlook for Indian refiners soured because of the pandemic and soaring global energy prices that forced them to sell fuel below cost.
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