PSU OMCs' subsidy burden may fall to Rs 28K-34K cr by FY16: ICRA
The subsidy burden on the public sector upstream firms is likely to drop to Rs 28,000-34,000 crore by FY16, with the gross under recoveries (GURs) expected to decline to Rs 56,000 crore then, rating agency ICRA Research said in a report.
Dec 18, 2014, 21:48 PM IST
Govt oil subsidy bill to be cut by over 60% in FY15
With international oil prices dropping to multi-year lows, government's oil subsidy bill is likely to be slashed by over 60 percent in the current fiscal.
Oct 15, 2014, 17:40 PM IST
Govt seeks Rs 15,546-crore fuel subsidy from upstream cos
Indian Oil Corp (IOC) will get Rs 8,107 crore from upstream firms in fuel subsidy support for the first quarter while Hindustan Petroleum Corp Ltd (HPCL) will get Rs 3,608.88 crore.
Jul 31, 2014, 12:58 PM IST
