IOC may hike petrol prices from tomorrow
Indian Oil Corporation, the nation's largest fuel retailer, is likely to hike petrol prices by Rs 0.33 per litre tomorrow.
IOC Chairman B M Bansal said international crude oil prices have risen since the last price revision, necessitating an increase in domestic retail prices.
IOC is losing about Rs 1 on sales of every litre of petrol, as crude oil prices have climbed to USD 87 per barrel from USD 81-82 at the time of the last revision.
Post new comment