Yesterday on news that there could be rethinking on the one-third subsidy sharing formula that the government has been working with there was a bit of cloud on oil marketing companies.The company's subsidy burden is expected to be around Rs 2,500-2,600 crore.The EGOM will discuss about LPG subsidy and there will be some reductions on Subsidy burden. In case they are fixing four, six or eight cylinders per year, whatever is fixed has to be given on APM price and has to be based on the market price. In case it is reduced then the LPG subsidy will be reduced and contributions from it will be reduced to some extent.
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