<div>State oil marketing companies are expected to received a first tranche of about Rs 7000 crore as part of a cash subsidy payout for the January-March period, two officials at state-owned oil companies told Reuters.<br /><br />The cash payout will be in six tranches of an equivalent amount every Tuesday, the officials said. The subsidy will be paid by July-end.<br /><br />The Finance Ministry approved Rs 45,000 crore in subsidy payouts to oil retailers last month.<br /><br />(Reuters)</div>
