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Business News/ Companies / HPCL not heard from govt on petrol price hike rollback
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HPCL not heard from govt on petrol price hike rollback

HPCL not heard from govt on petrol price hike rollback

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It would reduce prices on its own if there was over-recovery on fuel sales, HPCL chairman S. Roy Choudhury said to reporters at a press conference.

The oil refining and marketing firm posted a quarterly loss of Rs3,360 crore last week and raised gasoline prices by 2.7% soon after, in tandem with other state fuel retailers Indian Oil Corp and Bharat Petroleum Corp.

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Published: 07 Nov 2011, 04:57 PM IST
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