Oil firms exhausted all options: Butola - IBTL

Oil firms exhausted all options: Butola

May 26, 2012 Comment

New Delhi, (ANI): Putting forward his stand, Indian Oil Chairman RS Butola today said that the oil marketing firms ran out of options as under recoveries went through the roof to Rs 8.4 a litre of petrol forcing the companies to resort to a steep price hike. He added that oil firms had exhausted all options, hence the price hike was inevitable.

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