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RBI, oil companies discuss FX options as rupee slumps

The RBI discussed options such as a dollar window against oil bonds or routing dollar sales through a single bank.
Petrol prices cut by Re 1/litre; no change in diesel price

Petrol price is cut by Rs 1 per litre with effect from midnight today, following a decline in international crude oil prices, however there is no change in diesel price.
No diesel price hike rollback, losses at Rs 8.50-9/L: BPCL

The Oil Marketing Companies (OMC) such as Bharat Petroleum Corp, Hindustan Petroleum Corp and Indian Oil Corp have incurred losses of Rs 1,61,000 crores in 2012-13 due to subsidised sale of diesel.
Finance ministry to pay Rs 8000 cr oil subsidy: Reddy

The finance ministry has agreed to pay Rs 8,000 crore (USD 1.74 billion) to state-run oil retailers in the December quarter for selling fuel at government-set cheaper rates, Oil Minister Jaipal Reddy said on Monday.

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Oil Retailers

RBI, oil companies discuss FX options as rupee slumps

Petrol prices cut by Re 1/litre; no change in diesel price

No diesel price hike rollback, losses at Rs 8.50-9/L: BPCL

Finance ministry to pay Rs 8000 cr oil subsidy: Reddy