HPCL not heard from govt on petrol price hike rollback

HPCL not heard from govt on petrol price hike rollback

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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