New Delhi, May 24 (IANS) Amid concerns over fuel availability in some areas, Bharat Petroleum Corporation Limited Former Marketing Director Sukhmal Kumar Jain on Sunday said there is no shortage of petrol or diesel in the country, adding that public sector oil marketing companies are fully managing fuel consumption and supply.Speaking exclusive to IANS, Jain said that public sector oil marketing companies (OMCs) operate around 85,000 retail outlets out of the nearly one lakh fuel stations across…
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New Delhi, May 24 (IANS) Amid concerns over fuel availability in some areas, Bharat Petroleum Corporation Limited Marketing Director Sukhmal Kumar Jain on Sunday said there is no shortage of petrol or diesel in the country, adding that public sector oil marketing companies are fully managing fuel consumption and supply.Speaking exclusive to IANS, Jain said that public sector oil marketing companies (OMCs) operate around 85,000 retail outlets out of the nearly one lakh fuel stations across the co…
Washington, April 16 (IANS) As a fresh energy shock from the Persian Gulf conflict risks deepening vulnerabilities across major economies, the global imbalances are widening again, top officials from the IMF and policymakers warned.Speaking at a high-level panel on Wednesday (local time), IMF Managing Director Kristalina Georgieva said “imbalances have been coming and going in waves” and are now “on the rise again,” with major surplus economies including China, Germany and Japan facing o…
New Delhi, Jan 23 (IANS) India’s foreign exchange reserves witnessed a massive surge of $14.167 billion to reach $701.36 billion in the week ended January 16, the Reserve Bank of India (RBI) data showed on Friday.In the preceding week that ended January 9, the country’s foreign exchange reserves had increased by $392 million.The largest component of the foreign exchange reserves, Foreign Currency Assets (FCA), increased by $9.65 billion in the week ended January 16, reaching $560.51 billion.FCA …