Announcement

Wednesday, June 29, 2011

GAIL seeks exemption from payment of fuel subsidies

State run gas utility GAIL India Ltd said that it should be exempted from payment of fuel subsidies as it does not get any upside from rise in crude oil or natural gas price.

GAIL along with Oil and Natural Gas Corp and Oil India Ltd (OIL) have to compensate for at least one third of the


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