A Parliamentary Standing committee strongly felt that the huge demurrage cost of about Rs 665 crore incurred by state-run oil marketing companies (OMCs) between 2009 and 2012 was avoidable and not due to uncontrollable factors. Owing to their failure to have requisite infrastructure, the three OMCs Ăâ IOC, HPC and BPCL Ăâ paid Rs 665 crore in this period to domestic ports, the com
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