Oil marketing firms will likely not receive reimbursement from the government for the LPG price reduction

Public sector oil marketing companies (OMCs) Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation will bear the financial brunt of the Rs 100 per cylinder price cut announced on Friday. Liquefied petroleum gas (LPG) prices were dropped by Rs 100 per 14.2-kg cylinder for all residential LPG consumers on Saturday by the OMCs,…

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