Cess cover for clean fuel cost
The Modi government could consider the cess option to compensate state-owned oil firms for the cost incurred in upgrading refineries for the shift from BS-IV fuel to BS-VI from April 1.
State-owned oil firms have made a representation to the oil ministry on the ways to recover about Rs 30,000 crore invested to upgrade to the clean fuel from the next financial year.
Industry sources said the firms feel that a way out should be found for recovering the investment made by the refineries to shift to BS-VI emission norms, the equivalent of Euro VI, from April 1.
