I do not understand "the oil prices" all countries purchase from gulf.say china, pakistan, india, south korea etc.,and do the same processing to sell to the consumer. here is the catch Indian consumers were consistenly paying the highest price(in the world) for petrol on any day. Then how the oil companies are making huge losses???? (The total losses were an estimated Rs 245,000 crore.) is the govt taking all the money in the form of TAXES???????? I would like somebody from an oil company should answer clearly under information act. thanks
