New Delhi: Indian Oil Corp (IOC) is currently losing slightly less than Rs 6 per litre on petrol sales, said its Chairperson RS Butola on Friday, while adding that companies were discussing an increase in prices.

"There is a need to raise petrol prices. We are in consultations with our colleagues at other oil marekting companies and stakeholders," Butola said.

India's government subsidises costs of diesel, cooking gas and kerosene but in theory petrol prices from state-run retailers are liberalised.


Latest News from Business News Desk