[ad_1] Public sector oil marketing companies (OMCs) are likely to seek cash compensation from the government to cover their substantial LPG under-recoveries, according to CNBC-TV18 sources. During the April-September period of this fiscal year, under-recoveries for LPG have surged by over 1,600% for Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum […]
Govt says petrol, diesel prices to reduce in far flung areas due to intra-state freight rationalisation by OMCs – CNBC TV18
[ad_1] Union Oil Minister Hardeep Singh Puri on Tuesday (October 29, 2024) welcomed the decision by state-owned oil marketing companies (OMCs) to increase dealer commissions for petrol pump owners. Additionally, Puri lauded the intra-state freight rationalisation, which he said would “benefit consumers located at remote locations (far from petrol and diesel depots of oil marketing […]