Oil marketing firms may get more compensation - Economic Times

NEW DELHI: The finance ministry may offer more compensation to state-owned oil marketing companies (OMCs) for selling fuel below cost this year, provided the oil ministry deregulates auto fuel prices and increases cooking fuel prices next fiscal.

Best of the Unit Plans Nashik found here.

Public sector OMCs — Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) — may get this year’s dues in the next financial year after the Budget session of Parliament, two ministers said, on condition of anonymity.

Corporates usually go for Group Scheme Nashik.

Public sector OMCs — Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) — may get this year’s dues in the next financial year after the Budget session of Parliament, two ministers said, on condition of anonymity. “A fuel price hike is imminent, but may happen only in 2010-11. Finance ministry is not in a position to continue paying huge subsidies on four petroleum products,” one of them said.

Friendly and nice Life Insurance Agent Nashik.

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