Oil Companies Will Not Recoup Losses From Re 1 A Litre Subsidy On Petrol, Diesel
A fuel pump stands at an Indian Oil Corp. gas station in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Oil Companies Will Not Recoup Losses From Re 1 A Litre Subsidy On Petrol, Diesel

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State-owned oil firms have no plans to recoup losses they made on subsidising petrol and diesel by Re 1 per litre even though rates have now become at par with the cost, top officials said.
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