Cooking gas losses dip, but govt’s LPG tab grows
Synopsis Fuel retailers' revenue loss on subsidized LPG narrowed to Rs 188 per cylinder in August. This marks a sharp decrease from the Rs 500
Synopsis Fuel retailers' revenue loss on subsidized LPG narrowed to Rs 188 per cylinder in August. This marks a sharp decrease from the Rs 500 loss reported in the previous month.
The government paid Rs 30,000 crore to clear past subsidy dues. However, outstanding payments to retailers still exceed Rs 59,000 crore. This compensation mechanism shields
households from price volatility.
The BriefWire