The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the targeted subsidy of Rs 300 per 14.2 kg cyl

Launched in May 2016, PMUY was designed to provide deposit-free LPG connections to adult women from poor households, thereby reducing dependence on polluting traditional cooking methods.

The Cabinet approved ₹30,000 cr LPG subsidy for state-run oil firms to keep prices stable and help them manage rising global gas costs and supply expenses.

Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.

The compensation will be distributed among the three OMCs by the Ministry of Petroleum and Natural Gas and will be paid in twelve tranches.

The Ministry of Petroleum and Natural Gas will oversee the distribution of this compensation, which will be disbursed in twelve tranches.

The government on Friday announced a Rs 30,000 crore compensation package for public sector Oil Marketing Companies (OMCs) to offset losses incurred

Indian Oil Corporation Limited (IOCL) reported LPG under-recovery of Rs 19,926 crore in the year ended March 31, 2025, according to an exchange filing. LPG under-recovery of Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) for FY25 came in at Rs 10,446.38 crore and Rs 10,894.53 crore, respectively.

India’s cabinet on Friday approved a one-time payout of 300 billion rupees ($3.4 billion) for state-run fuel retailers to compensate them for selling liquefied petroleum gas to poor households at subsidized rates.