Diesel price was also unchanged at Rs 76.48 per litre. Petrol and diesel prices were hiked by 25 paise per litre on January 27, according to a price notification from oil marketing companies. This had taken prices in Delhi to Rs 86.30 per litre and Rs 76.48, respectively. Petrol prices in Mumbai stood at Rs 92.86 per litre the same as yesterday. One litre of diesel will cost Rs 83.30 in the city. In Chennai, petrol remained unchanged to sell at Rs 88.82. Diesel was retailing at Rs 81.71 in the city. In Kolkata, the retail price of petrol remained at Rs 87.69 and diesel at Rs 80.08 per litre.
Indian Oil May Form Subsidiary For Retail Assets To Unlock Value IOC operates a pipeline network of 14,600 kilometres with a capacity to transport 94.42 million tonnes per annum of crude and fuels and 21.69 million cubic metres per day of gas.
Updated: February 02, 2021 5:36 pm IST
Indian Oil Corp could create a subsidiary for its retail assets to help unlock value, the head of finance at India s largest refiner said on Tuesday, a day after the government announced plans to monetise IOC s pipeline assets. Presently it is not on our radar but a possibility of any such thing to unlock the value cannot be ruled out, Sandeep Kumar Gupta said on an analysts call when asked if IOC plans to hive off its fuel retailing business into a separate company.
Indian Oil to form subsidiary for retail assets
Finance Minister Nirmala Sitharaman in her budget for fiscal year announced plan to monetise oil and gas pipeline assets of IOC, GAIL and Hindustan Petroleum Corporation
Reuters | February 2, 2021 | Updated 17:49 IST
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Indian Oil Corp could create a subsidiary for its retail assets to help unlock value, the head of finance at India s largest refiner said on Tuesday, a day after the government announced plans to monetise IOC NSE 3.13 % s pipeline assets. Presently it is not on our radar but a possibility of any such thing to unlock the value cannot be ruled out, Sandeep Kumar Gupta said on an analysts call when asked if IOC plans to hive off its fuel retailing business into a separate company.
Indian Oil to monetise pipeline assets
A logo of Indian Oil is picture outside a fuel station in New Delhi, India August 29, 2016. REUTERS/Adnan Abidi/Files
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Indian Oil Corporation Ltd (IOC) is considering the sale of stakes in a few of its network of crude oil and petroleum product pipelines as part of an asset monetization plan, Sandeep Kumar Gupta, director in-charge of finance of the state-run refiner and marketer, said on Tuesday.
IOC, however, would not relinquish its control of these businesses, he said.
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