OMC News
Subsidy share of ONGC, OIL, GAIL to rise in Q3
Burdened by the highest fuel subsidy this year, the government has increased subsidy contribution of upstream oil companies, Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and GAIL India to 38 per cent for the nine months ended December 31, 2011, at Rs 36,894 crore. This is higher than the 33 per cent paid during the first six months. In the FY11, upstream companies shared 39 per cent
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