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Deregulation of OMCs is only on paper: Govt backtracks, asks OMCs to absorb Rs. 1 / liter cut in fuel cost
This move will cost OMCs Rs. 7000 crores in their books.Their profits would stands reduced to 32,600 cr (from 39,600cr FY’18) or 17.7% fall in the profits.
#PetrolChorModi
This move will cost OMCs Rs. 7000 crores in their books.Their profits would stands reduced to 32,600 cr (from 39,600cr FY’18) or 17.7% fall in the profits.
#PetrolChorModi
This move will cost OMCs Rs. 7000 crores in their books. Their profits would stands reduced to 32,600 crores (from 39,600 crores, FY’18) or 17.7% fall in the profits.
Govt will have lower collection of revenue by 10,500 crores as they cut the duty by 1.50 / liter
#FuelPriceHike
Govt will have lower collection of revenue by 10,500 crores as they cut the duty by 1.50 / liter
#FuelPriceHike
Asking OMCs to pay for costs of higher fuel prices is nothing short of bringing back of regulations of managing OMCs.
OMCs are public listed cos and they have other shareholders as well.
#PetrolChorModi
OMCs are public listed cos and they have other shareholders as well.
#PetrolChorModi
