>> Friday, November 14, 2008
Crude oil prices have fallen from 147.27$ (All time high) to 58$ (22 months low) .
But public sector oil companies continue to make losses on sale of diesel, domestic LPG and kerosene.
Oil firms make a profit of Rs 4.12 a litre on petrol but lose Rs 0.96 on every litre of diesel, Rs 22.40 per litre on kerosene and Rs 343.49 per LPG cylinder.
Do you know Kerosene is one of the highly subsidised item.for which government bears all the loss.