NEW DELHI: Indian Oil Corporation (IOC), the nation’s biggest oil firm, may sell some of its over 32,300 petrol pumps to a joint venture with Malaysia’s Petronas with a view to monetising the firm’s vast fuel marketing network, its Director (Finance) S K Gupta said on Monday.
IOC has an over two-decade-old 50:50 joint venture with Petronas for the import of LPG.
