Indian upstream firms to absorb higher subsidy costs

摘要

Mumbai-Indian state-owned upstream oil companies Oil and Natural Gas Corporation and Oil India Limited have been asked by the government to take on a higher share of retail fuel price subsidy costs, taking their average share to 37.91% in the first nine months of the 2011-12 financial year (April-March) com- pared with 33.3% in the first half, a senior oil industry official said February 6.