Govt gives state-run oil retailers Rs 14,000 cr as subsidy
State-run oil retailers received 14,000 crore from the government since June-end as part of the subsidy payout for the financial year ended in March, three officials with direct knowledge said.
The oil retailers received the amount in two tranches--one in June-end, and the other on July 3, the officials told Reuters on Friday.
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The remaining amount of Rs 24,500 crore will be paid out by August-end, the officials said.