'Oil cos overstating deficit from sale'

BS Reporter / New Delhi July 24, 2008, 15:24 IST

The oil marketing companies have been overstating the deficit from sale of subsidised petroleum products, according to Planning Commission member B K Chaturvedi. He however declined to share the extent of this over-estimation.

A committee headed by him has been examining the "reported deficit and the real deficit faced by oil marketing companies as a result of price constraints imposed on them."