Brent crude futures declined 0.07 per cent to $99.18 a barrel as of 0119 GMT, while West Texas Intermediate (WTI) futures fell 0.39 per cent to $90.17 per barrel
Mines Secretary Keshav Chandra announced the upcoming scheme at the 60th Annual General Meeting of the Federation of Indian Mineral Industries (FIMI)
The expansion involves the addition of two 300 TPD furnaces, SG-4 and SG-5, and was earlier expected to be completed by December 2026
Domestic LPG under-recoveries stood at around Rs 300 per cylinder in September 2026. Together, these losses are costing OMCs an estimated Rs 530 crore a day