Deora says no further issue of oil bonds to oil companies

New Delhi, Jan 24 (UNI) Petroleum Minister Murli Deora today said the Government has no plans to further issue the oil bonds to the state-run oil companies as the international price of crude had softened.

''Presently, there are no plans to further issue oil bonds to the state-owned oil companies,'' Mr Deora told reporters here.

The Government has issued oil bonds worth Rs 14,000 crore to the oil companies till now.

Meanwhile, Mr Deora said Finance Minister P Chidambaram has not rejected the ministry's proposal for the Re 1 excise cut on diesel to control the rising inflation.

UNI