IOC asks govt to compensate for losses on petrol

Published on Mon, Feb 13, 2012 at 18:02 |  Source : Reuters

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr

NEW DELHI (Reuters) - State-run Indian Oil Corp Ltd , the country's largest oil refining and marketing firm, has asked the government to compensate for revenue losses incurred by selling petrol below market prices, its chairman said.

IOC has suffered revenue losses of about 15.60 billion rupees so far this fiscal by selling petrol below market price.

IOC had debt of 786.96 billion rupees at December-end, finance director P.K. Goyal said.

(Reporting by Nidhi Verma; Editing by Aradhana Aravindan)

  

Trending News

Business News

ICS update for Samsung Galaxy S II now available in India!
Where will plunging euro go from here? "Where will plunging euro go from here?"

Will quit if Team Anna's charges are proved: PM

Finaport Says On CNBC-TV18 Expect Short-term Oversold Relief Rally In US

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 30 2012, 11:23 | Source: CNBC-TV18

Expect new order inflow of Rs 8500cr in FY13: NCC  

May 30 2012, 10:36 | Source: CNBC-TV18

Pantaloon's stake sale in co at final stage: Future Cap  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!