Petroleum Minister Murli Deora asked Finance Minister Pranab Mukherjee to restore tax breaks on natural gas production as is given for crude oil. He also discussed the deregulation of fuel prices. He also pressed for giving declared goods status for natural gas to end the differential sales tax in states. State retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum may together lose close to Rs 60,000 crore this fiscal if retail prices are not changed with the hardening of crude oil prices.
Source: Financial Express (15th June, 2009)
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