Quick decision on fuel price must to curtail under-recoveries: ONGC
By Ira Dugal | Published On: September 11, 2012 13:20 (IST) | Duration: 9 min, 49 sec
The government continues to delay a decision on a fuel price hike. Sudhir Vasudeva, chairman and managing director, ONGC says that a decision on fuel prices must be taken quickly in order to curtail under-recoveries. "It is important to maintain net realisations above Rs 55 for ONGC to be able to generate enough cash reserves. We also production levels to improve over the course of the next year," he added.