India's state-run oil companies report loss of 340 billion rupees

India's state-run oil companies reported a revenue loss of 340 billion rupees in the third quarter ending December 31 for selling subsidised fuel, an industry sources said on Monday.


At 190 billion rupees, the bulk of under-recovery was that of Indian Oil Corp (IOC.NS), its director finance P. K. Goel told reporters.
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