THE petroleum ministry will seek a relief package from the finance ministry for the losses oil marketing companies (OMCs) incurred on holding petrol and diesel prices in the past eight months, said an official of the oil ministry.
The official further said that India will keep buying Russian oil in future as it is not sanctioned yet.
"We will approach the Finance Ministry to seek compensation for oil companies' losses for the entire year," said the official. Currently, the under-recoveries on petrol and diesel are more than ₹20,000 crore.
Bu hikaye The Morning Standard dergisinin December 03, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Morning Standard dergisinin December 03, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Rahul vows ₹1L to poor, raise in NREGA wages
CONGRESS leader Rahul Gandhi on Tuesday promised to credit 1 lakh every year to the bank accounts of the poor households. He also promised to increase MGNREGA wages up to ₹400 and double the income of ASHA and and anganwadi workers, if the INDIA bloc is voted to power.
PM takes a jibe at Lalu's Muslim quota remark
Modi says religion-based quota an insult to Ambedkar; RJD chief later makes U-turn
₹28 cr assets, Manoj Tiwari richest in poll fray
DELHI BJP's candidate from North East Delhi, Manoj Tiwari (53), is the richest among the prominent Lok Sabha poll candidates in Delhi with assets worth Rs 28.05 crore, according to nomination papers filed by the nominees.
Water woes and traffic snarls key issues in Rajendra Nagar
NESTLED in the heart of Delhi, Rajendra Nagar emerged as a sanctuary for Punjabi refugees from Pakistan postpartition.
‘Delhi should fight for full UT status. It will reduce tussles’
United Resident Joint Action Force URJA) president Atul Goyal says the constant fight over powers between Delhi and Centre is affecting development
Telangana drenched after sweltering heat spell, experiences hailstorm
AFTER braving the sweltering heat for several days, people breathed a sigh of relief after heavy rains lashed the city late on Tuesday evening, with several parts even experiencing hailstorm.
16 crorepati candidates in race from Bhubaneswar
AROUND 28 per cent candidates in the electoral race in the Bhubaneswar Lok Sabha seat and three Assembly segments of the city, are crorepatis.
BJP unleashes blitzkrieg by top party leaders to breach BJD fort in Odisha
HAVING failed to make a significant headway in the form of electoral gains in Odisha in the last two occasions despite the Modi wave sweeping the country, the BJP is not leaving anything to chance in its efforts to breach the BJD citadel this time.
Jagan seeks PM's stand on special status, privatisation
BV Demanding Prime Minister Narendra Modi to take a clear stand on granting Special Category Status (SCS) to the state and privatisation of Visakhapatnam Steel Plant (VSP), Chief Minister YS Jagan Mohan Reddy questioned the PM's change of heart towards TDP supremo N Chandrababu Naidu and sought to know the basis on which the three parties had forged an alliance.
Vet student denied medical aid: CBI
Sidharthan J S from Kerala university was brutally assaulted, reveals final CBI report