Petroleum Minister Murli Deora is seeking bonds worth Rs 30,000 crore for state-run fuel retailers to make up for the losses they incurred on selling domestic LPG and kerosene this fiscal.

"(Deora) will meet Finance Minister (Pranab Mukherjee) this evening on the issue," Petroleum Secretary R S Pandey told reporters here.

Though the government had earlier this fiscal explicitly decided to compensate Indian Oil, Hindustan Petroleum and Bharat Petroleum for the losses they incur on selling domestic LPG and kerosene through PDS by way of oil bonds, the Finance Ministry has not issued any bonds for the three quarters.

The three firms lost Rs 11,853 crore in revenues on not being allowed to raise LPG and kerosene prices in line with the cost during April-September. An additional Rs 9,019 crore revenue loss was incurred in third quarter ending December 31.

Deora had last month met Prime Minister Manmohan Singh on the issue and the same may figure again during a review meeting Singh will take on the oil sector tomorrow evening.

"We are hopeful that compensation will be issued ... whether it is in form of oil bonds or cash, it has to be decided," Pandey said.

For the first nine months, oil bonds worth Rs 29,872 crore have been sought, he said adding for the full fiscal about Rs 30,000 crore is likely to be the revenue loss on two fuel.