ONGC Q3 net profit dips 6 pc

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New Delhi, 23 Jan, 2008 : The Oil and Natural Gas Corporation or ONGC has reported a 6.4 per cent drop in its net profit for the third quarter ended December 31, 2007, as its subsidy payout to state-run oil marketing firms nearly trebled during the period.

After subsidy, ONGC"s net realization in dollar terms was $54.52 a barrel.

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