Indian government may not have to issue more oil bonds to state energy firms in the rest of the fiscal year to March if crude oil prices remain at current levels, Finance Minister Palaniappan Chidambaram said on Monday.
US crude has fallen to about $51 a barrel, nearly a third of its peak in July, easing the burden on state-run oil firms which sell petrol and diesel at heavily discounted, state-set prices. When crude prices were high and fuel prices low, the government compensated firms by giving them bonds and by forcing state-run explorer Oil and Natural Gas Corp to offer big discounts on crude oil. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
