Slippery oil
New Delhi   02-Jul-2012

Oil marketing companies have cut petrol prices twice in June to reflect the fall in crude prices. This has somewhat pacifled the consumers, who were angry with the steep price hike in May. However, there Is doubt how long will this equation last given that the downtrend in crude prices has now reversed. RS Butola, Chairman of India's largest oil marketing company, lndianOil, can only pray that oil does not surge beyond his comfort zone.