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Subsidy on LPG cylinders falls to zero for the first time

Bapun Raz

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The government’s decision to up the price of subsidised cylinder over the past several months along with the recent fall in non-subsidised LPG price has led to zero subsidy for the first time in years.

In fact, according to a calculation by a Nomura report, oil companies may end up making an over-recovery of Rs 120 on every cylinder in May.

Subsidy on LPG cylinders falls to zero for first time in years
 
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