Oil marketing firms losing Rs.518 crore per day
Oil retailers are expected to lose Rs.13.91 on sale of each litre of diesel in the first fortnight of May.
Under recoveries on domestic LPG are pegged at Rs.480.50 per cylinder, according to data released by the petroleum and natural gas ministry here.
Marketing firms are losing Rs.31.49 on the sale of every litre of kerosene through the public distribution system. An empowered group of ministers headed by Finance Minister Pranab Mukherjee is likely to meet later this month to work out a mechanism to cut losses of oil marketing firms like Indian Oil, Hindustan Petroleum and Bharat Petroleum.
Image Source: AP
India's indigenously designed fighter aircraft, Light Combat Aircraft (LCA) Tejas, is all set to get the Initial Operational Clearance (IOC II), which would pave the way for its induction into the Indian Air Force.
Date 19-12-13, Duration 2:19, Views 1098