Cabinet approves ₹30,000 crore compensation package to public sector OMCs for domestic LPG subsidy losses:

Daily Current Affairs / Cabinet approves ₹30,000 crore compensation package to public sector OMCs for domestic LPG subsidy losses:

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Category : Business and economics Published on: August 12 2025

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The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a compensation of ₹30,000 crore to three public sector oil marketing companies — IOCL, BPCL, and HPCL — for under-recoveries on the sale of domestic LPG at regulated prices. The Ministry of Petroleum and Natural Gas will allocate the compensation, which will be paid in 12 tranches. Domestic LPG cylinders are sold to consumers at government-controlled rates, with the OMCs absorbing the losses to ensure affordability.

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Cabinet approves ₹30,000 crore compensation package to public sector OMCs for domestic LPG subsidy losses:

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Cabinet approves ₹30,000 crore compensation package to public sector OMCs for domestic LPG subsidy losses:

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