Indian Oil Corporation withdraws proposed Rs 22,000 crore rights issue
In July 2023, the board of directors of the IOC approved raising capital through the issuance of equity shares on a right basis.
The oil marketing companies kept petrol and diesel prices unchanged on Monday across the four metros.
Accordingly, in the NCT Delhi, diesel price remains at Rs 84.07 per litre while petrol at 93.21 per litre.
Similarly, in Mumbai, Chennai and Kolkata, diesel continues to be priced at Sunday’s level of Rs 91.30, Rs 88.87 and Rs 86.91 per litre respectively, and petrol at Rs 99.49, Rs 94.86 and Rs 93.27 per litre, respectively.
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With crude once again touching $67 a barrel after the lows of $64 last week, oil companies want to wait or pause in between before revising fuel prices.
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