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Petrofed warns against shifting to export parity pricing
February 6, 2013February 6, 2013by In Oil & Gas

Petrofed warns against shifting to export parity pricing

The Petroleum Federation of India (Petrofed), an apex body of entities in hydrocarbon sector, warned the union finance ministry against its proposed norm for calculation of under-recoveries of state-run oil marketing companies (OMCs). Recently, the finance ministry proposed that the export parity price should be considered for calculating under-recoveries of OMCs instead of the present trade parit