Oil Minister Veerappa Moily informed reporters that his ministry was yet to process and finalise its view on a proposal to raise fuel prices, on the lines of the recommendation of Kelkar committee. Raising diesel prices is essential in order to reduce the under-recovery of the three public sector oil mark
Tag: subsidy
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IOC takes steps to weed out illegal customers
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
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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.