State-owned Indian Oil Corp (IOC) is losing Rs 118 crore a day in revenue on selling diesel, domestic LPG and kerosene below their imported cost, a company official said today. “We are losing very heavily on diesel after international oil prices firmed up to $90 a barrel,” he…
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IOC losing Rs 118 cr per day on subsidised fuel sales
Posted on: December 21st 2010 in Press Releases.
Govt hikes petrol prices by Rs 4/ltr, diesel by Rs 2/ltr
Posted on: July 1st 2009 in Press Releases.
NEW DELHI: Government has hiked the petrol prices by Rs 4 per litre and diesel by Rs 2 per litre to cut losses of oil companies in view of rising global oil rates. Petroleum Minister Murli Deora discussed the necessity of raising fuel prices with party leaders and he is also reported to …
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