HPCL warns of curtailing supplies
State-run Hindustan Petroleum Corporation Limited on Thursday warned that it would be forced to resort to curtailment of supplies to retail outlets if fuel prices were not raised immediately. It said it was running out of cash due to high under-recoveries. Addressing a press conference here, HPCL chairman Arun Balakrishnan said the corporation would meet very soon to carry out a review of import of petrol and diesel, as the present situation was not comfortable at all.