Deora sends 10k cr SOS to FM for oil cos

Oil minister Murli Deora on Saturday sought from finance minister Pranab Mukherjee an immediate interim relief of Rs 10,000 crore for state-run oilmarketing companies to help them stay in black in the third quarter.

The firms are losing some Rs 275 crore daily on fuel sales as the government has decided against raising pump prices of fuels and raise cooking gas rates for fear of stoking inflation and political and public backlash.

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