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Pritesh Shah Profile picture
Pritesh Shah
@priteshshah_
Congress🤚 |Politics | Economics | Mumbai | INDIA
Oct 4, 2018 • 7 tweets • 3 min read
Deregulation of OMCs is only on paper: Govt backtracks, asks OMCs to absorb Rs. 1 / liter cut in fuel cost
This move will cost OMCs Rs. 7000 crores in their books.Their profits would stands reduced to 32,600 cr (from 39,600cr FY’18) or 17.7% fall in the profits.

#PetrolChorModi This move will cost OMCs Rs. 7000 crores in their books. Their profits would stands reduced to 32,600 crores (from 39,600 crores, FY’18) or 17.7% fall in the profits.

Govt will have lower collection of revenue by 10,500 crores as they cut the duty by 1.50 / liter
#FuelPriceHike