ONGC may be partly relieved from fuel subsidies
ONGC to be exempted from subsidising domestic LPG and kerosene as steep fall in global crude oil prices has eroded gains. For full story, click here Continue reading...
View ArticleSubsidy weighs heavy on ONGC
The country’s largest oil explorer ONGC has disappointed investors by reporting a 43% year-on-year drop in third-quarter net profit to Rs 2,475 crore — its lowest profit figure in the last 18 quarters....
View ArticleIOC’s optics, ONGC’s reality
The government had put in place the existing subsidy burden-sharing regime for the petroleum sector as a strategy to cushion domestic fuel consumers from the impact of rising prices of crude oil in the...
View ArticleIndia’s Oil, Gas Producers to Pay Refiners Subsidy
ONGC, India’s biggest energy exploration company, and other state-run explorers will pay refiners 320 billion rupees ($6.6 billion) as subsidies for selling fuels below cost in the year ending March,...
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