New Delhi, Feb 10: The Petroleum Ministry has sought additional oil bonds worth about Rs 13,000 crore to cover the revenue loss on fuel sale in the fourth quarter of the current fiscal.
The Government has for the first three quarters sanctioned oil bonds worth Rs 60,967 crore to IndianOil, Bharat Petroleum and Hindustan Petroleum to make the good revenue loss on sale of petrol, diesel, domestic LPG and kerosene.
The Government has for the first three quarters sanctioned oil bonds worth Rs 60,967 crore to IndianOil, Bharat Petroleum and Hindustan Petroleum to make the good revenue loss on sale of petrol, diesel, domestic LPG and kerosene."Of these, so far Rs 50,980 crore worth of bonds have been issued and the rest will be issued after Parliament approves them next week," a Petroleum Ministry official said.
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