Petroleum Ministry has sought oil bonds worth Rs. 20,871 crore for state-run fuel retailers to make up for the losses incurred on selling domestic LPG and kerosene below cost during the first three quarters of this fiscal. Ministry of Petroleum and Natural Gas Additional Secretary S Sundareshan said,three fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) lost about Rs. 26,618 crore in revenues on selling petrol, diesel, domestic LPG and kerosene below cost during the first half of the current fiscal. Of this, Rs. 20,000 crore is revenue lost on LPG and kerosene, the remaining was on account of petrol and diesel.