Reliance offers Rs 1,500cr discounts to oil PSUs

Reliance Industries (RIL) has offered discounts worth Rs 1,500 crore to companies which buy products from it for retail sale.

"Reliance has offered discounts up to Rs 1,500 crore to all marketing companies that buys products from it," Sarthak Behuria, chairman of Indian Oil Corporation (IOC), said today.

Of the total Rs 1,500 crore discount, IOC will get Rs 800 crore, he added.