Losses on diesel sales touch a record Rs 10.74 per litre
State-owned fuel retailers have seen losses on diesel sale touch a record Rs 10.74 per litre as government continues to bar them from raising rates in line with spurt in cost of raw material.
State-owned Indian Oil Corporation is losing Rs297 crore per day on selling diesel, domestic LPG and kerosene at government-controlled rates, a company official said.