Upstream cos' oil subsidy burden hiked

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Upstream oil companies are headed downstream and are also taking a hit on the bourses. Shares of ONGC slipped by 1.17 per cent on May 20 on the BSE after the government increased the burden of fuel subsidy payable by the oil firms from 33 per cent to 38.8 per cent for 2010-11 fiscal. Powered by www.newslook.com Producer : NDTV

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