Business Standard | Oil PSUs to pay royalty on gross price to producing states Business Standard As per government mandate, ONGC and OIL offers discounts on crude oil to make up for a part of the losses refiners suffer on selling cooking gas (LPG) and kerosene at government controlled rates. These discounts also covered diesel till October 2014, ... OIL, ONGC slump up to 4% on higher royalty payments Narendra Modi govt puts hefty $1 bn burden on ONGC, Oil India |