Indian crude hits $137, up 93% since start of conflict
NEW DELHI: The cost of crude for Indian refiners has soared 93% since the conflict in the Gulf broke out on Feb 28 and hit $136.56 a barrel on Friday, eroding profits for domestic players ranging from IndianOil, HPCL and BPCL to Reliance Industries. Several countries, including the US, let retail prices rise in line…
