• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Cabinet Okays Rs 30,000 Crore As Compensation To Public Sector OMCs For Losses In Domestic LPG

OMMCOM NEWS by OMMCOM NEWS
August 8, 2025
in Nation
Domestic LPG

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved Rs 30,000 crore compensation to three public sector Oil Marketing Companies (IOCL, BPCL and HPCL) for the under-recoveries incurred on the sale of domestic LPG.

The distribution of the compensation within the OMCs will be done by the Ministry of Petroleum and Natural Gas. The compensation will be paid in 12 tranches, a Cabinet communique said.

According to the government, this significant step also underlines the commitment to protect consumers from volatility in global energy markets while maintaining the financial health of these PSU OMCs.

Domestic LPG Cylinders are supplied at regulated prices to consumers by the public sector Oil Marketing companies, namely, the IOCL, the BPCL, and the HPCL.

According to a Cabinet note, the international prices of LPG remained at high levels during 2024-25 and continue to remain high.

However, to insulate consumers from fluctuations in international LPG prices, the increase in cost was not passed on to consumers of domestic LPG, which led to significant losses for the three OMCs.

“Despite the losses, the Public Sector Oil Marketing Companies have ensured continuous supplies of domestic LPG in the country at affordable prices,” the Cabinet communique said.

This compensation will allow the OMCs to continue meeting their critical requirements, such as crude and LPG procurement, servicing of debt, and sustaining their capital expenditure, thereby ensuring uninterrupted supply of LPG cylinders to households across the country.

The move reaffirms the objective of ensuring the widespread availability of clean cooking fuel to all consumers of domestic LPG, including those under flagship schemes like PM Ujjwala Yojana, according to the Cabinet statement.

Meanwhile, at least 10.33 crore LPG gas connections have been distributed under the Pradhanmantri Ujjwala Yojna (PMUY) across the country (as of July 1).

The PMUY, launched in May 2016, aims to provide deposit-free LPG connections to 8 crore women from poor households across India, which was achieved by September 2019.

(IANS)

Tags: CabinetDelhiDomestic LPGOMCs
ShareTweetSendSharePinShareSend
Previous Post

India-Brazil Can Build New Partnership, Diversify Trade Partners: Brazilian Researcher On Trump’s Tariff Tirade

Next Post

Cabinet Greenlights Rs 4,250 Crore To Boost Infra, Empower Vulnerable Groups In Assam And Tripura

Related Posts

ECI
Nation

ECI Reminds Bengal CS About Sending Compliance Report On Suspension Of 4 Poll Officials

August 8, 2025
mann-ki-baat
Nation

PM Modi’s ‘Mann Ki Baat’ Program Generates Rs 34.13 Crore Revenue Since Inception

August 8, 2025
Pakistan Mineral Deal
Nation

Pakistan Mineral Deal: Will US Learn What China Didn’t In Balochistan

August 8, 2025
Onion
Nation

Centre To Start Releasing Onion From 3 Lakh Tonnes Buffer Stock Next Month With Eye On Prices

August 8, 2025
Defence Ministry
Nation

‘False And Fabricated’: Defence Ministry Denies Reports Of India Pausing US Arms Talks

August 8, 2025
Textile Waste
Nation

IIT Delhi’s New Method To Cut Textile Waste, Recycle Discarded Denims To Good Quality Garments

August 8, 2025
Next Post
Assam And Tripura

Cabinet Greenlights Rs 4,250 Crore To Boost Infra, Empower Vulnerable Groups In Assam And Tripura

PM Modi

China Welcomes PM Modi For SCO Meet, Says Tianjin Summit Will Be Gathering Of Solidarity And Friendship

LPG Cylinder

Cabinet Extends LPG Subsidy For PMUY Consumers At A Cost Of Rs 12,000 Crore In 2025-26

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.