LD FUEL 3LST

Since then, fuel pricing and compensation to state firms
has been ad-hoc. In July last year, it was decided that the
Indian government will meet all the revenue retailers' loss on
LPG and kerosene and the same on petrol and diesel would be
made good by upstream firms like Oil and Natural gas
Corporation (ONGC).

The Rs 13,997-crore revenue loss on auto fuels was met
but issues remained with the losses on LPG and kerosene.
Deora, on February 11, submitted a memorandum to the
Indian Prime Minister asking the government to cover the unmet
Rs 19,574 crore revenue loss on LPG and kerosene sale. He,
Sunday, met Mukherjee to take forward this but the meeting
was inconclusive. PTI ANZ
RDM


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