ONGC share of Q2 under recovery on kerosene, LPG Rs 600 cr

Under recovery for kerosene and LPG (cooking gas) for the quarter ended Sepetmber is seen around Rs 8000 crore, reports CNBC-TV18, quoting oil ministry sources.Of this, the government's share of the subsidy bill is around Rs 7300 crore.ONGC's share is seen at approximately Rs 600 crore, and OIL India's contribution is seen below Rs 100 crore.Government will pay Rs 12 per liter of kerosene subsidy, with ONGC and OIL India to pay the rest.The sources said the subsidy payout for the September quarter can be easily covered by the government from the FY16 budgetary allocation.The Finance Ministry is yet to revert to the oil ministry on exact subsidy payout for the quarter.