{"id":540372,"date":"2022-12-03T09:44:53","date_gmt":"2022-12-03T04:14:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=540372"},"modified":"2022-12-03T11:30:08","modified_gmt":"2022-12-03T06:00:08","slug":"oil-ministry-to-seek-compensation-for-petrol-diesel-losses-from-finmin","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-ministry-to-seek-compensation-for-petrol-diesel-losses-from-finmin\/","title":{"rendered":"Oil ministry to seek compensation for petrol, diesel losses from FinMin"},"content":{"rendered":"<p>The oil ministry will seek compensation from the finance ministry for the losses state-owned fuel retailers incurred on holding petrol and diesel prices in the last eight months despite a spike in cost of raw material, a top official said on Friday.<\/p>\n<p>Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) posted a combined net loss of Rs 21,201.18 crore in April-September.<\/p>\n<p>This loss would have been higher but for them accounting for Rs 22,000 crore yet-to-received LPG subsidy for past years.<\/p>\n<p>&#8220;The first half losses are publicly available. Add to that the LPG subsidy and you would arrive at approximate loss they have incurred,&#8221; the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The oil ministry will seek compensation from the finance ministry for the losses state-owned fuel retailers incurred on holding petrol and diesel prices in the last eight months despite a spike in cost of raw material, a top official said on Friday. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) posted a combined net loss of Rs 21,201.18 crore in April-September. This loss would have been higher but for them accounting for Rs 22,000 crore yet-to-received LPG subsidy for past years. &#8220;The first half losses are publicly available. Add to that the LPG [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-540372","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=540372"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540372\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}