(a) whether the Government proposes to withdraw the subsidy being given to Oil Marketing Companies (OMCs):
(b) if so, the details thereof; and
(c) the measures taken by the Government for reducing the operational losses of OMCs?
(a) whether the Government proposes to withdraw the subsidy being given to Oil Marketing Companies (OMCs):
(b) if so, the details thereof; and
(c) the measures taken by the Government for reducing the operational losses of OMCs?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SMT. PANABAAKA LAKSHMI)
(a) & (b): At present, there is no such proposal before the Government.
(c): The Government has taken the following reform measures:
(i) The price of Petrol has been made market determined since 26.06.2010;
(ii) The Public Sector Oil Marketing Companies (OMCs) have been authorized to increase the retail
selling price of Diesel in the range of 40 paisa to 50 paisa per litre per month (excluding VAT as
applicable in different State/Union Territories) until further orders; and to sell Diesel to all
consumers taking bulk supplies directly from the installations of the OMCs at the non-subsidized
market determined price since 18.01.2013; and
(iii) Restrict the supply of subsidized LPG cylinders to each consumer to 9 cylinders (of 14.2
Kg) per annum.
Besides, to reduce their administrative expenditure and non-productive expenditure, OMCs have been
following the guidelines issued by the Department of Expenditure, Ministry of Finance and Ministry
of Petroleum & Natural Gas from time to time on ‘Expenditure Management – Economy measures and
rationalization of Expenditure’.