IOC not to hike petrol prices till June 15

India's biggest refiner - Indian Oil Corporation (IOC) - has no plans to increase petrol prices before June 15. The company is also looking for partners at home and abroad to build a five million tonne a year LNG terminal at Ennore in southern India.

Recently, IOC was likely to shut down its 160,000 barrels per day (bpd) refinery in northern India for maintenance purpose which will be for the period of three weeks ranging between August to September. The shutdown of sole crude unit at the plant would mean other secondary units would also remain idle for two to three weeks.

IOC is the country's biggest fuel refiner and retailer with crude processing capacity of 1.314 million barrels per day.