NEW DELHI: A day after announcing a reduction in petrol and diesel by Rs 2, the Indian Oil Corporation (IOC) said these cuts are not going to significantly affect the company’s bottom line.
Indian Oil Corporation (IOC) Chairman Shrikant Madhav Vaidya, on the sidelines of launching E100 (100% Ethanol blending in petrol) petrol pumps in the country, also said it was too early to gauge the precise effects on the upcoming quarter’s financials.
