01.07.2014 09:17:00
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Oil India Limited -- Moody's: Cut in subsidies would be credit positive for Indian OMC
Singapore, July 01, 2014 -- Moody's Investors Service says that it expects India's new government to reduce its payment of fuel subsidies through a gradual process, which would lead in turn to higher product prices and therefore prove credit positive for the country's oil marketing companies (OMC).