Indian Oil Corp. may post losses in Q2

Indian Oil Corp. may post losses in Q2
PTI
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First Published: Fri, Oct 03 2008. 04 34 PM IST
Updated: Fri, Oct 03 2008. 04 34 PM IST
New Delhi: State-run Indian Oil Corporation said on 3 October the company may incur losses in the second quarter for selling oil products at a discount.
“We may incur losses for selling oil products at a discount if the government does not revise the subsidy-sharing mechanism,” company’s Director (Finance) S V Narsimhan told reporters on the sidelines of an energy conference.
The company has already approached the government on this issue requesting to re-look into the subsidy-sharing mechanism.
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First Published: Fri, Oct 03 2008. 04 34 PM IST
More Topics: Indian Oil Corp. | Subsidy | Petrol | Diesel | Energy |