IOC to review diesel prices this week

NEW DELHI Wed Feb 13, 2013 4:34pm IST

A worker sits beside an oil tank at a storage facility of an oil company on the outskirts of New Delhi March 25, 2010. REUTERS/Danish Siddiqui/Files

A worker sits beside an oil tank at a storage facility of an oil company on the outskirts of New Delhi March 25, 2010.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - Indian Oil Corp(IOC.NS), the country's largest state-owned refiner, will review diesel prices on Friday or Saturdy, chairman R.S. Butola said.

India deregulated diesel prices last month by allowing fuel retailers to raise the price of subsidised diesel by up to 0.50 rupees a litre every month and asking bulk buyers to pay market rates.

(Reporting by Nidhi Verma; Editing by Sunil Nair)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Banking Sector

REUTERS SHOWCASE

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Defence Sector

Defence Sector

Indian firms tool up for defence orders on Modi's 'buy India' pledge  Full Article 

Factory Activity

Factory Activity

Economy fears deepen as August HSBC flash PMI at three-month low  Full Article 

Fed Minutes

Fed Minutes

Fed notes labor market progress, but not convinced yet - minutes  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage