NEW DELHI -- The Indian government on Wednesday announced a one-time grant of 220 billion rupees ($2.67 billion) to help three state-run fuel retailers cover losses incurred by selling liquefied natural gas below market prices.
Economy
India to grant $2.67bn to state-run oil marketing companies
Three retailers to be compensated for losses from below-cost cooking gas sales
Prime Minister Narendra Modi says his government will provide a one-time grant to state-run fuel retailers amid the surge in global fuel prices. © Reuters
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