Bharat Petroleum Corporation Limited (BPCL) is going to get Rs. 2,800 from the government which will be given to it in form of subsidy.

If calculated the figures makes up for 21 per cent of the total subsidy given by the government to the oil companies. The total corpus set up for this purpose is worth Rs. 14,000 crore, said SK Joshi, Director-Finance at BPCL while talking to a private news channel CNBC TV 18.

The total money, he said, will be given to BPCL in next three to four months time.

This step has been taken after the total net recovery of the company reached Rs. 1100 crore for the financial year 2010. And if calculated at the current rates, then the net under recovery would touch the level of Rs. 90, 000 crore for the financial year 2011.

The funds given to the company are a part of the plan where the government has decided that it will help the oil marketing companies (OMCs) get out of their huge debt.

On Wednesday, the finance ministry had cleared a Rs. 14,000 crore package for subsidizing the state OMCs.