💨 Abstract

The article discusses a report by Antique Stock Broking predicting that oil marketing companies (OMCs) in India will reduce losses on selling domestic LPG cylinders due to a recent price hike and falling international fuel prices. The LPG price increase is aimed at covering under-recoveries, or losses, which OMCs were facing while selling below cost.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖