IOC losing Rs 100cr a day on fuel sales

 "The industry is losing about Rs 185 crore per day on petrol, diesel, LPG and Kerosene. Our losses should be in the range of Rs 90-100 crore per day," Sarthak Behuria, chairman, IOC, said.

Behuria said the company expects the government to take a view on the industry plight next week.

"We are given to understand that the Cabinet may next week decide on the oil bonds to be issued to oil companies to partly compensate the losses," he said.

The govt may this year issue oil bonds worth Rs 24,000-25,000 crore, he said.