Under the new scheme, the Rs. 8200 crore subsidy for the current fiscal will be shared by the upstream oil companies such as Oil and Natural Gas Corporation (ONGC) and the Gas Authority of India (GAIL) as well as the oil marketing companies of Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and IOC's subsidiary IBP.The bulk of this burden, about two thirds, will be carried by the oil marketing companies and the balance of about Rs. 2400 crores is the responsibility of ONGC and GAIL.but the main thing is this they or indian govt. can't give subsidy to the electric car REVA which is costing now 4 lac.
I think the subsidy have to transfer from petrol to car atleast for saving the environment.
