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Indian Oil Corporation says the company is likely to take a decision on petrol prices by the end of this week or next week, while the capping of subsidised domestic LPG to six annually for every household continues.
Speaking to reporters after the board meeting, Chairman R.S. Butola said the Government compensation and upstream burden sharing helps the country’s biggest refiner-cum-retailer post a net profit for the second quarter of the current fiscal at Rs 9,611 crore.
During the same period last year, the company had reported a loss of Rs 7,486 crore.
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