New Delhi: Due to the policy of administered pricing of petrol, diesel, LPG and kerosene, the under recoveries on account of the subsidised petroleum for 2011-12 were to the tune of Rs 1,40,000 crore. This does not include the under-recovery on account of petrol as its price was set free but with Indian characteristics. The government has not permitted the oil marketing companies (OMCs) to raise petrol price and also...
11:36 AM, Jul 17, 2012
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