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India approves ₹30,000 crore to compensate oil firms for LPG losses, ensuring affordable gas.
The Indian government has approved a ₹30,000 crore compensation package for state-owned oil marketing companies (OMCs) to offset losses from selling liquefied petroleum gas (LPG) below cost.
The funds will be distributed in 12 tranches and will help maintain financial stability for OMCs like Indian Oil, Bharat Petroleum, and Hindustan Petroleum, ensuring continued affordable LPG supply.
Additionally, the government approved a ₹12,060 crore subsidy for the Pradhan Mantri Ujjwala Yojana, benefiting 10.33 crore households with subsidized LPG connections.
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India aprueba ₹30,000 crores para compensar a las empresas petroleras por las pérdidas de GLP, asegurando gas asequible.