![Cabinet OKs ₹22k cr subsidy grant to oil cos for LPG losses Cabinet OKs ₹22k cr subsidy grant to oil cos for LPG losses](https://cdn.magzter.com/1591660952/1665611914/articles/TvO-nYbp51665620986475/CABINET-OKS-22K-CR-SUBSIDY-GRANT-TO-OIL-COS-FOR-LPG-LOSSES.jpg)
The proposal was cleared by the Cabinet on Wednesday with the aim of bridging the losses on LPG accumulated by the three state-run fuel retailers between June 2020 and June this year.
India imports LPG, mostly from Saudi Arabia, to meet about half of the demand. The Saudi contract price, the benchmark followed by the state-run fuel retailers, has risen 300% during this period but LPG refill rates have been raised by 72%, the government said in a statement.
Diese Geschichte stammt aus der October 13, 2022-Ausgabe von The Times of India Hyderabad.
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Diese Geschichte stammt aus der October 13, 2022-Ausgabe von The Times of India Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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