 "Indian Oil Corporation, IOCL, IOC")
Oil marketing companies (OMCs) such as Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), and Bharat Petroleum Corporation (BPCL) are considering a revision in the formula to decide margins of dealers, to insulate them from fluctuations because of daily changes in fuel prices.
Daily pricing changes was introduced on June 15. Associations of fuel retailers claim about 53,000 outlets of the public sector OMCs have lost Rs 400 crore since then. Several of these associations are threatening to go on an indefinite strike from August 1.
“We have mooted a new formula through which inventory will be
Daily pricing changes was introduced on June 15. Associations of fuel retailers claim about 53,000 outlets of the public sector OMCs have lost Rs 400 crore since then. Several of these associations are threatening to go on an indefinite strike from August 1.
“We have mooted a new formula through which inventory will be
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