Mumbai: State-run oil retailers received Rs 14,000 crore from the government since June-end as part of the subsidy payout for the financial year ended in March, three officials with direct knowledge said.
The oil retailers received the amount in two tranches--one in June-end, and the other on July 3, the officials told Reuters on Friday.
The remaining amount of Rs 24,500 crore will be paid out by August-end, the officials said.
Copyright Thomson Reuters 2012
The oil retailers received the amount in two tranches--one in June-end, and the other on July 3, the officials told Reuters on Friday.
The remaining amount of Rs 24,500 crore will be paid out by August-end, the officials said.
Copyright Thomson Reuters 2012
