IndianOil cos to make profit: says Pandey
New Delhi   17-Apr-2009
IndianOil, the nation's largest marketer, and state-owned rivals will make a profit in the year ended March after oil prices declined from a record, a government official has said. "Even in an environment of shrinking margins, the oil companies have managed their inventories well," Petroleum Secretary Mr. R. S. Pandey said in New Delhi on Thursday .