Indian Oil Corp (IOC), a state run firm has restored the supply of subsidized cooking gas (LPG) and kerosene to Bhutan after a month long hiatus. Earlier it had ceased selling the two fuels at concessional rates from July 1 after it was told that the Ministry of External Affairs (MEA) subsidy will no longer be available. However, it has received a communication from the Oil Ministry yesterday asking it to restore the subsidy on kerosene and LPG supplies to Bhutan from August 1.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.