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Oil companies’ losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in prices from this month: Report

New Delhi [India], April 9 (ANI): Oil marketing companies (OMCs) are likely to reduce losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking.

The government has increased the prices of LPG cylinders by Rs 50 from April. It has also raised excise duty on petrol and diesel by Rs 2 per li