No diesel & No Petrol is making news headings here and there. I had a chat with one fella who is part of this. According to him, OMCs are asking for money release from the government. The amount is now standing at Rs.80 billion now. The OMCs in order to get fuel from refineries got some financing from the banks and that also cost them interests. So, once OMCs been paid by government then they will ask on refineries to release the fuel to the system.
To my question regarding government interference in this matter, he replied back that government got no money to pay us back. Government has been making excuses for payment since one and a half year.
Unless and until government pays the OMCs, i dun see the problem getting rectified that easily.
MY OWN THEORY
There is negative theory circulating in my mind too. Just wanted to share it with you.
OMC people must be reading the news and they must have heard that government is going to take some decision regarding the controversial contract between government and OMCs. So, like stock exchange guys (who chartered the planes & flew to capital) they didn't want their profits to be cut out.. so they are putting pressure on the system and somehow system will bend over in their directions. Powerful lobby, is it??
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