Indian Oil Corporation (IOC) is taking some stringent measures to weed out illegal customers of liquefied petroleum gas (LPG) or cooking gas in Gujarat. As part of these measures, the state-run oil marketing firm decided to block 4.7 lakh LPG consumer connections in the state for two reasons
Tag: subsidy
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Subsidy policy to hit OMCs
Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.
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Subsidy for wind power gen
India plans to continue offering a subsidy to wind farm developers which rewards them based on the amount of power they generate and the incentive will conÂtinue beyond March 2012.