IOCL Chairman says alternate plans are being worked out to meet short supply By TN Ashok New Delhi, May 22 : India's largest refining and oil company IOCL today indicated that fuel prices could go up further as it was difficult to predict how the crude oil supplies from Iran could shrink and impact India's oil economy, IOCL Chairman and Managing Director Sanjiv Singh said today. Disclosing the audited financial results of the company for FY 2017-18 as its profits had soared to Rs 2,240 crore, Sanjiv Singh said the short supply of about 6 to 7 million tonnes from iran, which is what India imports from the country, could definitely impact supply demand chain and prices.