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Govt approves ₹30k cr compensation to OMCs for LPG under-recoveries

The New Indian Express Bengaluru

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August 09, 2025

Second major relief package by govt to OMCs

- Rakesh Kumar @ New Delhi

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.

FLERE HISTORIER FRA The New Indian Express Bengaluru

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