Centre approves extension of subsidy schemes in oil marketing companies

November 14th, 2007 - 2:03 am ICT by admin  
The government will also bear the 42.7 per cent of the total under-recoveries for the current year (2007-08) in the form of oil bonds.

The upstream companies may share about one-third of the total under recoveries of the OMCs.

This decision will enable for continuing of subsidies on public distribution system (PDS) kerosene and (dom) LPG; and sharing the burden of OMCs’ under-recoveries on account of sale of sensitive petroleum products. (ANI)

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