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Moneycontrol.com >> Message Board >> View Messages >> ONGC
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Oil subsidy sharing formula decided arbitrarily: Subir Raha (1)   10-May-08 14:17Tracked by (0)  
Posted by:   MMB Messenger on ( 10-May-08 14:17 )
Price : BSE: Rs 1028.80 ( 0.04 % ), NSE: Rs. 1031.60 ( 0.16 % )
Subir Raha, EX-Chairman, ONGC feels that the oil subsidy sharing formula is purely an arbitrary decision. The downstream companies’ ability to honour credit facility may be at risk, he told CNBC-TV18. The difference between administered prices and international prices is getting wider, he added.

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