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Finance Ministry Agrees To Compensate Oil Marketing Companies' LPG Subsidy Losses | Profit Exclusive

The government is currently working on compensation mechanism for the OMCs on subsidised sale of LPG cylinders, sources said.

Shrimi Choudhary

The rates of 19 kg commercial LPG cylinder price have been slashed by over Rs 58. (Photo source: PTI)

The finance ministry has given in-principle approval for compensating state-run oil marketing companies for losses incurred on the subsidised sale of LPG cylinders, according to people familiar with the matter.

The finance ministry is working on compensation mechanism for the OMCs on subsidised sale of LPG cylinders, sources in the government told NDTV Profit.

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WRITTEN BY
Shrimi Choudhary
Shrimi Choudhary is a financial Journalist has an experience of about 15 ye... more
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