The annual Sales of the company were higher by $5.2 bln or Rs 20,800 Crores higher by 25% for the year while the quarter's profits were lower by $400 mln as the subsidy payout by ONGC /OIL and the deigned government agencies fell short despite crude prices higher in the new regime. A net profit for the year is an improvement of $200 mln year on year even as quantum of under recoveries shot up with Diesel and Kerosene at nearly 50% of the market prices in the international markets and that of LPG also at 50%  

Indian Oil also now owns 10,900 km of distribution pipelines and refining capacity is to go up by more than 25% to 29.5 million tonnes per annum and 

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