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Govt approves ₹30k cr compensation to OMCs for LPG under-recoveries
The New Indian Express Kottayam
|August 09, 2025
Second major relief package by govt to OMCs
The government on Friday announced a ₹30,000 crore compensation package for public sector oil marketing companies (OMCs) to offset losses incurred from selling domestic LPG at regulated prices.
The compensation will be extended to Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL). This marks the second major relief provided by the government, following a ₹22,000 crore grant in October 2022. With this latest allocation, total financial support to OMCs now amounts to ₹52,000 crore.
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