(EnergyAsia, March 24 2011, Thursday) — India’s Finance Ministry has agreed to pay cash, instead of bonds, to oil companies as compensation for losses incurred in selling fuel at below cost, according to finance secretary Ashok Chawla.Oil firms are worried that unless they receive cash compensation for selling gasoline, kerosene, diesel and liquefied petroleum gas…
INDIA: Cash compensation for oil firms
Posted on March 24, 2011 by EnergyAsia