ISMDU (Indian Stock Market Daily Updates)
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Everything about Indian #StockMarket and #Economy | The opinions expressed here are strictly personal | Educational Purposes Only, No Buy/Sell Rec | Not SEBI Registered

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Centre approves #additional 20% commercial #LPG allocation to States, increasing total supply to 50%, offering relief to hotels, restaurants and other users: Neeraj Mittal, Secretary of the Ministry of Petroleum & Natural Gas (#MoPNG) writes in a letter

Addl supply will be linked to a mandatory shift towards #PNG connections, while #OMCs will oversee registration, monitor usage & assess annual demand, he further adds

#LPGSupply
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#ATFPriceHike | #MoPNG Says: Have passed only a partial & #staggered increase of 25% (β‚Ή15/L) to airlines in domestic travel

#Foreign routes will pay for the #full increase in ATF prices
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#MoPNG Says: At current international crude prices, #OMC under-recoveries at approx β‚Ή26/L on #petrol & β‚Ή81.90/L on #diesel

Combined petrol & diesel daily under-recovery being absorbed by OMCs is approximately β‚Ή2,400 cr
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