Unreasonable oil firms

Sir — It is highly objectionable to see Indian Oil Corporation Chairman RS Butola coming out in support of the petrol price hike when the move has caused an enormous amount of inconvenience to the citizens.
In fact, no oil producing company in the country is in a loss. If there are some cases of loss-making oil firms, it is due to mismanagement. When oil is such an essential commodity that will be bought any way, why do the companies spend huge sum on advertisements?

Tuesday, 08 November 2011 22:2 The Pioneer Daily, New Delhi

KA Solaman | Alappuzha