IOC losing Rs. 238 cr a day on fuel sales
Mumbai   18-Mar-2011

State-owned IndianOil (IOC) is losing Rs. 238 crore per day on selling diesel, domestic LPG and kerosene at government-controlled rates. "We are losing Rs. 156 crore per day only on diesel sales," a company official said on Thursday, requesting anonymity. "Diesel is being sold at a discount of Rs. 15.79 per litre to its imported cost," the official said.