State-owned oil companies have warned of disruptions in fuel supplies if they are not allowed to raise petrol price or be compensated for the 48 crore rupees per day loss that the companies incur on selling fuel below cost. Indian Oil Corp (IOC) Chairman R S Butola told reporters that 93 per cent of the cost of production is on account of crude oil, which the companies have to import. IOC and other oil PSUs, Bharat Petroleum and Hindustan Petroleum are losing 48 crore rupees per day on sale of petrol,whose pricing was decontrolled by the government in June 2010. But the government hasn't allowed the oil companies to hike petrol price.