Rs 75K cr gone!: Govt working to offset oil cos' losses
Synopsis Oil Ministry is working on a proposal to compensate state-run oil marketing companies for losses incurred from selling fuel below market rates during the
Synopsis Oil Ministry is working on a proposal to compensate state-run oil marketing companies for losses incurred from selling fuel below market rates during the April–June quarter.
Hopes of recovering these losses have diminished as crude oil prices have risen again. The government now faces a difficult decision on compensation amid uncollected
taxes. Inter-ministerial discussions are expected to take several weeks or even months before a final decision is reached.
The BriefWire