praveen
13-03-2008, 06:52 AM
The government will issue oil bonds worth Rs 9,297 crore to public sector fuel retailers to partly compensate them for selling domestic LPG and PDS kerosene below cost during the October-December quarter.
Finance minister P Chidambaram sought Parliament’s approval to issue special securities amounting to Rs 9,296.92 crore to Indian Oil, Bharat Petroleum and Hindustan Petroleum.
The government had previously issued oil bonds worth Rs 11,257 crore to the three oil marketing companies for selling fuel below cost during April-September.
Finance minister P Chidambaram sought Parliament’s approval to issue special securities amounting to Rs 9,296.92 crore to Indian Oil, Bharat Petroleum and Hindustan Petroleum.
The government had previously issued oil bonds worth Rs 11,257 crore to the three oil marketing companies for selling fuel below cost during April-September.