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IOC to raise petrol price from Friday

IOC to raise petrol price from Friday
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First Published: Thu, Nov 03 2011. 08 48 PM IST

Updated: Thu, Nov 03 2011. 08 48 PM IST
New Delhi: State-run Indian Oil Corp (IOC), the biggest fuel retailer in the country, will raise petrol prices by Rs 1.82 a litre from Friday, its head of finance P. K. Goyal said on Thursday.
A source at Hindustan Petroleum Corp (HPCL) also said his firm will “definitely” raise petrol prices from Friday, but did not say by how much.
HPCL is considering a further increase in petrol prices as it struggles to cut down on retailing losses, its finance director had said on Tuesday.
The country’s three state fuel retailing giants, IOC, HPCL and Bharat Petroleum Corp , tend to move their prices in tandem.
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First Published: Thu, Nov 03 2011. 08 48 PM IST
More Topics: IOC | HPCL | BPCL | Petrol Prices | Corporate News |