State-run Indian Oil Corporation on Wednesday it was incurring a loss of Rs 50 crore (Rs 500 million) per day on sale of all fuel products but petrol.
IOC chairman Sarthak Behuria said that the corporation was making a profit of Rs 4 per litre on sale of petrol.
He, however, said the corporation continues to lose Rs 1.50 per litre on the sale of diesel and Rs 12 per litre on kerosene. The company was also losing Rs 114 per cylinder of liquefied petroleum gas (LPG).
The gross refining margin of the company, at present, stood at $4.2 per barrel.