Rs. 28,789 Crore Subsidy Given on Petroleum Products During 2009-10
The amount of subsidy approved by the Government on different petroleum products in respect of the year 2009-10 (prior to decontrol) isRs. 28,789crore. The Total Under Recoveries of the state run Oil Marketing Companies in 2009-10 have, however, beenRs. 46,051crore. The Total Under Recoveries in F.Y. 2010-11, [based on average crude oil price of Indian basket at US$75 per barrel] was expected to beRs. 72,000crorebeforet
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