Govt to give Rs 25,000 cr additional fuel subsidy
PTI: New Delhi, Feb 11 2013, 15:56 IST
14.2-kg LPG cylinder.
They lose Rs 443 crore per day of sale of the three fuel.
The Finance Ministry pays cash subsidies to state oil retailers while state-run upstream companies - ONGC, OIL and GAIL India Ltd - sell crude oil and products like LPG products at a discount.
From the previous Rs 30,000 crore dole, IOC had got about Rs 16,100 crore, while HPCL and BPCL's was about Rs 6,670 crore, and Rs 7,200 crore respectively, sources added.
Upstream firms have till now paid Rs 45,000 crore in fuel subsidy.
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