 "A gas pump is seen hanging from the ceiling at a petrol station")
State-run oil companies have exceeded their capital expenditure targets set for the current financial year.
As of February 2017, the 11 state-run oil firms spent more than the target of Rs 87,603 crore.
According to the data released by the Petroleum Planning and Analysis Cell (PPAC), in the April-February period these companies spent Rs 91,781 crore as capex. The amount spent has been the highest since 2014-15.
Of the 11 companies, ONGC Videsh Ltd, Oil India Ltd, Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), Numaligarh Refinery Ltd and Balmer Lawrie Co. Ltd are those
As of February 2017, the 11 state-run oil firms spent more than the target of Rs 87,603 crore.
According to the data released by the Petroleum Planning and Analysis Cell (PPAC), in the April-February period these companies spent Rs 91,781 crore as capex. The amount spent has been the highest since 2014-15.
Of the 11 companies, ONGC Videsh Ltd, Oil India Ltd, Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), Numaligarh Refinery Ltd and Balmer Lawrie Co. Ltd are those
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