Clarity about OMCs soon: S Sundareshan, Petroleum Secretary

Petroleum secretary S Sundareshan is confident that state-owned oil marketing companies (OMCs) will be adequately compensated for shielding consumers from rising global fuel prices. He feels the government has only two options: to shift from price control to a market-determined pricing regime or allow fiscal deficit to rise. Excerpts: Ensuring better health of oil marketing [...]

Read More...