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New Delhi, August 19: : diversion of subsidised fuel to unintended users.
Oil companies currently sell petrol at a loss of Rs 7.07 per litre, diesel at Rs 16.22, kerosene at Rs 39.55 per litre and LPG at a loss of Rs 348.89 per 14.2-kg cylinder.
IOC, BPCL and HPCL are together projected to lose Rs 1,84,801 crore in revenues on fuel sales during 2008-09.
The oil firms were asked to take steps to augment diesel supplies in view of shortages from some parts of the country.
"I would urge upon all the officers of the oil companies to ensure that these problems are addressed at the earliest and do not recur," Deora said adding that the country's Navratna OMC's incurring losses is a matter of concern.
Pandey called for introducing a system of incentives and disincentives in the oil industry to reward performers and motivate others for higher efficiency in their operations....
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