After tasting the success in fuel business, Indian Oil Corporation (IOC), country's leading fuel retailer, plans to enter into the non-fuel retail segment. To start with an organised retail business, Indian Oil is expected to form a partnership with...
The oil retailing companies are losing Rs 4.34 per litre on petrol, Rs 6.90 per litre on diesel, Rs 174 per cylinder on LPG and Rs 16 per litre on kerosene for selling the products below the cost price.
State-owned...