Oil marketing companies in India are expected to see reduced losses on domestic LPG cylinder sales. Recent price hikes and declining international fuel costs are contributing factors. Losses are projected to decrease significantly by the second quarter of fiscal year 2025-26, potentially reaching near-zero levels if current trends persist, aided by improved refining margins.
Oil companies' losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in prices from this month: Report
