IOC under-recovery to touch Rs 80,000 cr in FY10: S V Narasimhan
PUBLISHED ON: March 7, 2011 | Duration: 6 min, 51 sec
S V Narasimhan, director – finance at IOC, says the spurt in crude prices the gross under recoveries are expected to be around Rs 80,000 crore in FY10-11. IOC is currently losing Rs 4.03 per litre on the sale of petrol.
