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Govt approves ₹30k cr compensation to OMCs for LPG under-recoveries
The New Indian Express Jeypore
|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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FLERE HISTORIER FRA The New Indian Express Jeypore
The New Indian Express Jeypore
BJP scores surprise win in 1 seat, NC bags 3 in RS polls
THE Opposition BJP on Friday pulled off an unexpected victory in one of the four Rajya Sabha seats from J&K due to cross-voting by at least four legislators, while the ruling National Conference (NC) won the remaining three seats.
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The New Indian Express Jeypore
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The New Indian Express Jeypore
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The New Indian Express Jeypore
Radhakishan Damani invests ₹90 cr in Lenskart ahead of public offer
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The New Indian Express Jeypore
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2 mins
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The New Indian Express Jeypore
Doc names cops in palm note, ends life
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The New Indian Express Jeypore
Gold rally lifts forex reserves by $4.5 billion
THE record rally in gold prices, which scaled past $4,300/ounce mark in the reporting week, have lifted the overall forex reserves by $4.5 billion to near the record level it had scaled in September when it was near $705 billion.
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The New Indian Express Jeypore
Taliban to build dam to limit water to Pak
IN a move that could have farreaching consequences for Pakistan’s already strained water and energy security, Afghanistan’s Taliban government has said it will build a series of dams on the Kunar River.
1 min
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The New Indian Express Jeypore
MP crackdown against carbide gun makers as eye injury cases reach 300
IN the aftermath of carbide guns inflicting severe eye injuries to around 300 people, mostly children and teenagers in Madhya Pradesh during Diwali, authorities have launched a crackdown against the seemingly harmless toys.
1 mins
October 25, 2025
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