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RE:how oil companies loose money? please clarify
by Seenu Subbu on Jun 10, 2008 01:25 AM

Subsidies. Actual cost per liter of oil should be about Rs.100 while the Govt subsidizes diesel and petrol prices. Public sector oil companies absorb these subsidies and write them off with their losses. You, the tax payer, lose again. Sardar, and his Gori Masterini, pilfer and win.

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Where is the money going?