IOC may raise petrol prices soon
New Delhi   26-Apr-2011

IndianOil on Monday hinted at an imminent hike in petrol prices, whose rates have not been revised since January in view of elections in states like West Bengal. "We would do it (increase rate) at the earliest possible," IOC chairman Ranbir Singh Butola told reporters. In his first interaction with media after taking over as the Chairman of the nation's largest fuel marketing firm, Butola said IOC and other state firms had consciously decided not to revise rates of petrol to keep "the environment happy".