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LS adopts Supplementary Budget (General) for 2013-14

Last Updated: Thursday, December 12, 2013, 16:49

Lok Sabha on Thursday gave its approval to the government for Rs 18,594.27 crore additional spending in the current financial year to meet expenditure, mainly towards petroleum and fertiliser subsidies.

Oil companies not passing Rs 2 per litre profit on petrol to consumers

Last Updated: Wednesday, October 03, 2012, 10:14

The Oil marketing companies (OMCs) are not passing the benefits on petrol to the consumers even after pocketing a profit of Rs 2 per litre on petrol.

Oil marketing cos to get cash subsidy: Finance Secretary

Last Updated: Friday, March 30, 2012, 18:51

Finance Secretary R S Gujral on Friday said oil marketing companies, which have been facing huge under recoveries on account of subsidised diesel, LPG and kerosene, will get cash subsidies today.

OMCs under-recoveries to double at Rs 1.4 tn this fiscal: Crisil

Last Updated: Thursday, January 12, 2012, 23:02

The under-recoveries of oil marketing companies are set to nearly double and touch an all-time high of Rs 1.4 trillion this fiscal up from Rs 78,000 crore last fiscal due to high crude oil prices and falling rupee, a report by Crisil said on Thursday.