FinMin pays OMCs half of subsidies due
Amitav Ranjan: New Delhi, Nov 08 2012, 01:07 IST
9. Any further delay could have resulted in a downgrade of their ratings.
State retailers currently lose Rs 9.82 per litre on diesel, Rs 33.93 a litre on kerosene and Rs 468.50 per 14.2-kg subsidised LPG cylinder.
Petroleum Minister Veerappa Moily had said that his ministry would seek over Rs 1,00,000 crore this fiscal towards fuel subsidy even after discounts from state-run upstream oil and gas companies.
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