Boost for Ujjwala beneficiaries: Govt approves Rs 30,000 crore payout to OMCs for LPG losses; move aims to ensure stable supply
The government approved a Rs 30,000 crore package for oil companies. This offsets losses from selling LPG below cost. Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation will receive the funds. The compensation helps maintain LPG supply. It also supports operational needs and protects consumers from global energy shocks. The government reaffirms commitment to clean cooking fuel access.🕒 1 min read
The government approved a Rs 30,000 crore package for oil companies. This offsets losses from selling LPG below cost. Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation will receive the funds. The compensation helps maintain LPG supply. It also supports operational needs and protects consumers from global energy shocks. The government reaffirms commitment to clean cooking fuel access.
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