The government says oil marketing companies (OMCs) are losing close to ₹700 for each domestic LPG cylinder. Multiple reports attribute the figure to government statements, noting that the cost and pricing mechanism for domestic liquefied petroleum gas (LPG) results in shortfalls for OMCs on every cylinder supplied under the domestic segment. The reports indicate that this gap is measured per cylinder rather than as an overall aggregated loss, and that it reflects the difference between the companies’ operating or procurement costs and the administered or market-linked price at which domestic cylinders are sold. The coverage also frames the issue as an ongoing commercial impact on OMCs, suggesting that the losses are significant enough to be quantified to the public. While the articles do not highlight any single cause beyond the pricing-cost mismatch, they consistently present the same central figure—nearly ₹700 per domestic cylinder—and point to the government as the source of the estimate.
Government says oil marketing companies lose nearly ₹700 per domestic LPG cylinder
The government says oil marketing companies (OMCs) are losing close to ₹700 for each domestic LPG cylinder. Multiple reports attribute the figure to government statements, noting that the cost and pri...
2 sources
2 months ago
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Key Points
- The government states oil marketing companies lose nearly ₹700 per domestic LPG cylinder.
- The loss figure is presented on a per-cylinder basis.
- The issue is linked to the domestic LPG pricing versus costs under the cylinder supply mechanism.
- The figure is attributed to government statements, as reported by multiple outlets.
How Outlets Covered This Story
THE
TIM
Times of India
Oil marketing companies losing nearly 700 per domestic LPG cylinder, says government
2 months ago
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