NEW DELHI: The government is likely to put LPG (cooking gas supplied to households in cylinders) price on freeze for the rest of the year, after announcing a cut of Rs 200 per cylinder on Tuesday, providing a relief of over Rs 18,500 crore to consumers during the remaining seven months of the fiscal.
State-run fuel retailers are left with an estimated profit of more than Rs 100 per domestic refill even after the reduction. The government has decided to compensate them for any possible losses after reconciling the accounts for the year, sources told TOI.
