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LPG losses set to shrink on price

The Daily Guardian

|

April 10, 2025

The report estimated that losses on LPG will fall to Rs 160 per cylinder in May 2025, and further reduce to just Rs 60 per cylinder by the second quarter of the financial year 2025-26.

- TDG NETWORK

LPG losses set to shrink on price

Oil marketing companies (OMCs) are likely to reduce losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking.

The government has increased the prices of LPG cylinders by Rs 50 from April. It has also raised excise duty on petrol and diesel by Rs 2 per litre.

According to the report, the LPG price hike is clearly aimed at covering the under-recoveries, or losses which OMCs are facing while selling LPG cylinders below the cost. These under-recoveries were becoming a financial burden.

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The Daily Guardian

The Daily Guardian

B’desh seek ICC shift of T20 WC matches from India

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The Daily Guardian

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The Daily Guardian

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The Daily Guardian

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The Daily Guardian

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The Daily Guardian

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time to read

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The Daily Guardian

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Good samaritans to get Rs 25,000 as Govt pushes ‘Rah-Veer’ culture

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time to read

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The Daily Guardian

The Daily Guardian

North Korea fires ballistic missiles as South Korean leader visits China

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time to read

1 mins

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The Daily Guardian

Elderly couple found murdered in East Delhi; Robbery suspected

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time to read

1 mins

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The Daily Guardian

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NGOs ramp up rescue, medical outreach for vulnerable amid severe cold

From late-night rescue drives and distribution of sleeping bags to the homeless, to medical care for elderly people enduring joint ache, NGOs in Delhi have stepped up coordinated efforts to protect vulnerable residents as severe cold conditions persist in the capital.

time to read

1 min

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