Oil firms to raise diesel imports
Bs Reporter / New Delhi July 31, 2008, 0:00 IST IOCL, BPCL, HPCL may buy 3.5 mt from abroad to meet demand. Indian Oil Corporaton (IOCL), the nation's biggest refiner, and its state-run counterparts may import 3.5 million tonnes of diesel in the year ending March 2009 to meet demand for the fuel. IOCL, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) imported 2.93 million tonnes of diesel in the last financial year, making good the shortfall in supply created by increased exports from Reliance Industries' Jamnagar refinery in Gujarat.