Staggered fuel price hikes welcome: BPCL
By Prashant R Nair | Published On: December 28, 2012 09:30 (IST) | Duration: 12 min, 35 sec
R K Singh, chairman and managing director at BPCL, feels if the roadmap for staggered fuel price hikes is implemented, crude oil prices could become stable or come down. According to Mr Singh, under-recoveries will come down very substantially over a period of time if the Rupee stays between 52 and 54 levels against dollar. He adds that international crude oil prices are headed down.