New Delhi, May 4 -- New Delhi: The government so far does not have any plans to provide fiscal support to the oil marketing companies (OMC) for their revenue losses or under-recovery on the sale of petrol, diesel and aviation turbine fuel (ATF), said Sujata Sharma, joint secretary, Union ministry of petroleum and natural gas.
OMCs are incurring losses on the sale of petrol, diesel, and ATF for domestic flights due to high crude oil prices amid the crisis in West Asia and the resultant supply disruption that has persisted for over two months now.
"As of now, there is no proposal before the government to support OMCs," she said during the media briefing on the fuel situation in the country.
Jet fuel prices for domestic airlines were incr...
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