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Home > News > Oil companies demand subsidy for petrol losses > Oil companies demand subsidy for petrol losses

Oil companies demand subsidy for petrol losses [1]

Oil marketing companies have not revised petrol prices since December 1, 2011, despite sharp increase in international prices of petroleum products

With losses on sale of petrol climbing to over Rs 7 a litre, state-owned oil firms have asked the government to either provide subsidy on the fuel or reduce excise duty. "The public sector oil marketing companies have not revised the price of petrol since December 1, 2011, in spite of sharp increase in international prices of petroleum products," Minister of State for Petroleum and Natural Gas RPN Singh told the Lok Sabha here today.

Publication Date: 
10/05/2012
Business Standard (New Delhi) [2]
Tags:
Petrochemical Industry [3], Petrol [4], Fuel Pricing [5], Subsidies [6], Compensation [7], Diesel [8], LPG [9], Kerosene [10], Energy [11]
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Source URL: http://admin.indiaenvironmentportal.org.in/news/oil-companies-demand-subsidy-petrol-losses

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/oil-companies-demand-subsidy-petrol-losses
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrol
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/compensation
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lpg
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kerosene
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy