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Business Line: RPL, IOC mull status quo.
Reliance Petroleum Ltd (RPL) and Indian Oil Corp (IOC) are negotiating to settle for a lower take-or-pay offtake of about 12-13 M tonnes/y of products from the RPL refinery in the post administered pricing mechanism era. RPL has been insisting on an offtake of 15 M tonnes/y. The Petroleum Ministry has intervened to solve the issue. In 1999, RPL and IOC signed a 10-year …
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