Tag: OMC Losses
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LPG Cylinder Price Hike: Why Are LPG Prices Rising Despite OMC Losses?
Why Is This News Important? The Government of India has increased the price of domestic LPG cylinders by ₹29. This is the second major price revision after disruptions in global energy markets triggered by geopolitical tensions in West Asia. Even after the latest increase, Oil Marketing Companies (OMCs) continue to incur losses of nearly ₹700…
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