{"id":540698,"date":"2022-12-03T11:32:22","date_gmt":"2022-12-03T06:02:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=540698"},"modified":"2022-12-03T14:06:35","modified_gmt":"2022-12-03T08:36:35","slug":"oil-minister-to-seek-compensation-for-petrol-diesel-losses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-minister-to-seek-compensation-for-petrol-diesel-losses\/","title":{"rendered":"Oil Minister to seek compensation for petrol, diesel losses"},"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 `22,000 crore yet-to-received LPG subsidy for past years. <\/p>\n<p>\u201cThe first half losses are publicly available. Add to that the LPG subsidy and you would arrive at approximate loss they have incurred,\u201d 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 `22,000 crore yet-to-received LPG subsidy for past years. \u201cThe first half losses are publicly available. Add to that the LPG subsidy [&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":[130,211,144],"tags":[],"class_list":["post-540698","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540698","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=540698"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540698\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}