Bulk diesel price raised; non-subsidised LPG price cut

The government has hiked the price for bulk consumers of diesel and has lowered the price of non-subsidized LPG cylinders. Diesel price for bulk consumers like Railways has been hiked by a rupee per litre, while the price of cooking gas (LPG) is cut by Rs 37.50 a cylinder that consumers buy beyond their quota of subsidized bottles. We do not see any significant impact of this move on the under-recoveries and hence maintain our estimates.

Source : Equity Bulls

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