The Union cabinet is expected to approve a prime subsidy package of almost Rs 30,000 crore for oil advertising corporations to help LPG pricing, stated government resources to commercial enterprise nowadays.
A meeting is scheduled for 1 PM nowadays in which the proposal could be taken up.
This pass is geared toward supporting oil advertising groups recover losses they had been going through on home LPG sales because of high international prices. The subsidy is in all likelihood to help hold LPG charges regular for purchasers, in particular with international strength costs final unstable.
resources say the monetary assist will ease the burden on these businesses and ensure that LPG cylinders stay lower priced for thousands and thousands of indian households.
even as no reliable declaration has been launched yet, the cupboard's nod to the subsidy is seen as almost sure. as soon as permitted, this package may be one of the fundamental direct aid measures for oil firms in current years.
more clarity is expected after the cupboard meeting later these days.
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