Profit

Linking under-recoveries to export prices nonviable for oil marketing cos: IOC

PUBLISHED ON: January 7, 2013 | Duration: 8 min, 48 sec

  
loading..
According to a report by an Indian newspaper, the government is considering working out the subsidy entitlement of oil marketing companies (OMCs) according to 100 per cent export-parity pricing. PK Goyal, director of finance at Indian Oil Corp, says that this move would push most refineries into very heavy losses and make them nonviable.
ALSO WATCH
What's Hidden In The Texts? Experts Decode The Interim Budget With NDTV

................................ Advertisement ................................

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com