Oil firms exhausted all options: Butola
Updated on May 24, 2012 11:03 pm IST
Putting forward his stand, Indian Oil Chairman RS Butola today said that the oil marketing firms ran out of options as under recoveries went through the roof to Rs 8.4 a litre of petrol forcing the companies to resort to a steep price hike. He added that oil firms had exhausted all options, hence the price hike was inevitable.
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