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ONGC & HPCL Ink LPG Sale-Purchase Agreement

In a significant move to enhance India’s energy security, Oil and Natural Gas Corporation Limited (ONGC) and Hindustan Petroleum Corporation Limited (HPCL) have signed a landmark Liquefied Petroleum Gas (LPG) Sale-Purchase Agreement. The agreement aims to bring greater transparency, predictability, and long-term stability to the country’s LPG supply chain, reinforcing the strategic partnership between the two major state-owned energy enterprises.

The agreement establishes a well-defined framework for the sale and purchase of LPG between ONGC and HPCL. This framework is designed to streamline LPG transactions, ensuring commercial stability and predictability that benefit both parties and contribute to a more secure and efficient LPG market in India.

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