ONGC says paid no discount on crude oil sales to state refiners in Q3

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MUMBAI (Reuters) – India’s Oil and Natural Gas Corp paid no discount on crude oil sales to state refiners in the December quarter, Chairman D.K. Sarraf said on Thursday.

The state-run explorer gave a discount of 94.58 billion rupees ($ 1.38 billion) during the same period last year.

ONGC will report its December-quarter earnings later on Thursday.

($ 1 = 68.3800 Indian rupees)

(Reporting by Nidhi Verma; Writing by Promit Mukherjee; Editing by Biju Dwarakanath)