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    • Give cash subsidy, roll back 5% custom duty on crude: IOC

      Give cash subsidy, roll back 5% custom duty on crude: IOC

      IOC director finance SV Narasimhan said average import price for crude stands at USD 110 to USD 111 for Indian companies. He expects the Finance Minister to roll back 5% custom duty and also issue cash subsidy.

    • IOC share sale delayed to next fiscal

      IOC share sale delayed to next fiscal

      A share sale in state-run refiner Indian Oil Corp (IOC) is likely in the next fiscal year, the country's oil secretary S Sundareshan said, a delay of at least a few months from an earlier slated January launch on unfavourable market conditions.

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