The Finance Ministry in a study will verify the claims of losses by state-owned oil companies
on selling diesel, LPG and kerosene below cost price and decide the quantum of subsidy for 2012-13 based o

Oil marketing companies are losing Rs.518 crore per day on sale of diesel, kerosene and domestic liquefied petroleum gas (LPG), government data showed on Tuesday.

Oil retailers are expected to lose R

New Delhi, Aug. 3: The government will give Rs 14,000 crore in cash to Indian Oil, Bharat Petroleum and Hindustan Petroleum to make up for the losses incurred on selling fuel below cost in the first q