The state-run Oil Marketing Companies (OMCs) are facing significant under-recoveries on the sale of domestic liquefied petroleum gas (LPG) cylinders and aviation turbine fuel (ATF), due to rising international energy prices, a senior government official said on Monday.
Speaking during the Inter-ministerial briefing on the West Asia development, Sujata Sharma, Joint Secretary, Ministry of Petroleum & Natural Gas said the OMCs were currently incurring an under-recovery of approximately Rs 650 per domestic LPG cylinder. The losses have widened as global LPG prices have increased, while domestic retail prices have remained relatively stable.
