Tag: FOB prices

State-run Oil Marketing Companies (OMCs) will bear the cut in the cost price of LPG for all non-Ujjawala consumers, a senior Government official clarified on Wednesday. While it is not clear whether they will be compensated by the government, it is expected that the firms will have no under recoveries, at least for the next 2-3 months.“The general cut is borne by the OMCs. Only for Ujjwala customers, subsidy is borne by the government,” a senior government official told businessline. Meanwhile, officials from PSU OMCs said that as...