Poging GOUD - Vrij
Govt Likely To Soon Compensate Oil Companies For LPG Losses
Millennium Post Kolkata
|Kolkata 11July2025
The total under-recovery on LPG sales for the industry in the 2024-25 fiscal year is estimated at about Rs 40,500 crore
NEW DELHI: The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to compensate for losses incurred from selling LPG at below cost over the past 15 months, according to a senior official.
The finance ministry is working out the exact under-recovery or loss incurred and the mechanism to compensate it, he said.
In the Union Budget for 2025-26 fiscal (April 2025 to March 2026) presented on February 1, the government has made no provision to compensate for the under-recoveries. However, in April, the government raised excise duty on petrol and diesel to garner additional Rs 32,000 crore in revenues.
Dit verhaal komt uit de Kolkata 11July2025-editie van Millennium Post Kolkata.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Millennium Post Kolkata
Millennium Post Kolkata
‘Zero FIR lodged in Birbhum over death of migrant worker in UP’
KOLKATA: The police have registered a zero FIR in Birbhum district over the death of a migrant worker in Kanpur in Uttar Pradesh, based on the complaint of his wife that he was murdered, a TMC MP said on Wednesday.
1 min
October 30, 2025
Millennium Post Kolkata
PM can do ‘anything for votes…
Accusing the BJP of \"misusing\" the JDU supremo's image to control the state.
3 mins
October 30, 2025
Millennium Post Kolkata
'CAUTION IS SAFETY': KMC on high alert to tackle Cyclone Montha impact
KOLKATA: Taking lessons from the city's waterlogging woes during the Durga Puja rains in late September, the Kolkata Municipal Corporation (KMC) has swung into action early this time to deal with impacts of Cyclone Montha.
1 min
October 30, 2025
Millennium Post Kolkata
Anxiety grips Panihati neighbourhood as SIR sparks fear after 57-yr-old’s suicide
ONCE A PLACE OF PEACE, NOW GRIPPED BY FEAR
2 mins
October 30, 2025
Millennium Post Kolkata
Posta Bazar: Mamata calls for unity, urges people to reject divisive forces
'GENUINE VOTERS SHOULD NOT BE HARASSED'
1 min
October 30, 2025
Millennium Post Kolkata
NAGALAND VARSITY SOUNDS ENVIRONMENTAL ALERT FOR LOKTAK LAKE IN MANIPUR
A Nagaland University study has sounded an environmental alert for Loktak Lake, one of India’s most iconic freshwater ecosystems and a designated “Ramsar Site’ in Manipur. The study was jointly supported by Nagaland University and IIT Delhi.
1 min
October 30, 2025
Millennium Post Kolkata
Farmers told to protect crops, avoid fertiliser use
Agri dept advisory amid Montha alert
1 min
October 30, 2025
Millennium Post Kolkata
One-day is all it takes
Women’s WC: Harmanpreet and Co face stern test against Australia in semi-final
1 min
October 30, 2025
Millennium Post Kolkata
'Govt may allow sugar exports'
The government is considering allowing sugar exports in the 2025-26 marketing year, as surplus stocks accumulate due to lower-than-expected diversion of the sweetener for ethanol production, a top government official said on Wednesday.
1 min
October 30, 2025
Millennium Post Kolkata
'Inferior quality coal' robs Darjeeling Himalayan Railway of steam
WORLD HERITAGE TAG QUESTIONED
2 mins
October 30, 2025
Listen
Translate
Change font size