Government Boosts Public Sector Oil Firms with Rs 30,000 Crore Compensation
Published on: Aug. 8, 2025, 5:24 p.m. | Source: Devdiscourse
The Indian government has approved a Rs 30,000 crore compensation to state-run oil firms IOCL, BPCL, and HPCL for under-recoveries in domestic LPG sales. Paid in twelve tranches, the move ensures affordable LPG supply while maintaining the financial health of these companies amid high international LPG prices.
