Apr 15, 2012, 12.42 PM IST

IOC seeks Rs 8 hike in petrol prices

Indian Oil Corporation Chairman RS Butola has asked for a Rs 8 hike in petrol prices. IOC has said that oil manufacturing companies are losing Rs 50 crore on petrol everyday.

Source: CNBC-TV18
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Indian Oil Corporation Chairman RS Butola has asked for a Rs 8 hike in petrol prices. IOC has said that oil manufacturing companies are losing Rs 50 crore on petrol everyday.


Petrol prices in India have risen by almost 50% in the past two years.


The last petrol hike was in December, 2011.


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