RegulatoryFinancial Express
IOC, BPCL, HPCL reject Karnataka ethanol claim
Neutral03 sources
GreyOak summary
IOC, BPCL, and HPCL disputed Karnataka's claim of excess ethanol in petrol, citing their own tests of 893 samples across 27 states. The companies found ethanol levels between 19% and 21%, within prescribed limits, and questioned the state's sampling methodology. They requested independent verification of laboratory reports and rejected claims of significant consumer mileage losses.
What it affects
- Indian Oil CorporationIOCNeutral 0
Rejected Karnataka's ethanol claim.Rolling sentiment Positive +30
Source
Read the original at Financial ExpressMore Indian Oil Corporation news
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