IOC chairman on fuel under-recoveries
IOC chairman BM Bansal says the under-recoveries as per the industry expectations is more than Rs 70,000 crore and for IOC it will be around Rs 40,000 crore. For diesel, under-recovery per litre is Rs 6.21, for kerosene Rs 18.66 and for LPG the amount is Rs 366 per cylinder.
