Profit

Losing Rs 6.9 on diesel; Rs 270 on LPG: IOC

PUBLISHED ON: October 10, 2011 | Duration: 6 min, 00 sec

  
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In an exclusive interview with NDTV, PK Goyal, Director (Finance) at Indian Oil, says even after the increase of Rs 3.14 per litre in the month of September, IOC is losing 32 paisa on petrol. The under-recovery on diesel is Rs 6.90, on Kerosene it is Rs 24.6 and on LPG it is Rs 270 per cylinder. So, for the industry the under recoveries are Rs 250 crore per day.
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