ONGC Q2 net realisation to be $69 a barrel

New Delhi, Sep 19 (UNI) Oil and Natural Gas Corporation (ONGC), the country's largest oil explorer, today said its net realisation on crude sales during the second quarter ending this month will be about 69-70 dollars per barrel.

''During the second quarter, we expect the net realisation to be almost at the same level as in Q1,'' company Director (Finance) D K Sarraf said here.

The company's gross realisation in the quarter ended June was 125 dollars per barrel, he said, adding that after providing for subsidies the net realisation stood at 69.14 dollars per barrel.

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