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Global Trade Alert

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India: Financial grant to three oil marketing companies

Description

On 12 October 2022, the Indian Union Cabinet approved an INR 22'000 crore (approx. USD 2.68 billion) financial grant for 3 government-owned oil marketing companies. The companies are Indian Oil Corpor...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Oct 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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