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IOC asks govt to compensate OMCs on quarterly basis

PK Goyal, director finance, Indian Oil Corporation (IOC) says that the oil major has asked the government to compensate oil-marketing companies on a quarterly basis. "We are currently incurring revenue loss of Rs 1.37 per litre of petrol sales," Goel told CNBC-TV18 in an interview.

first published: Aug 14, 2012 10:27 am

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