LPG under-recoveries of oil PSUs cross Rs 59,000 crore

Cooking gas in India is sold by three government-owned companies: Indian Oil, Bharat Petroleum and Hindustan Petroleum.

These companies sell kitchen gas to families for less money than it costs them to buy it.

The world price of gas jumped very high after a war in West Asia and the closing of a very important sea route called the Strait of Hormuz.

Because of this, the three companies lost more than Rs 59,000 crore by July 31, 2026.

The government chooses to keep prices low so that families can afford to cook food.

The money the companies lose is called an "under-recovery" - a bit like when a shop sells something for less than it paid for it.

Families under the Ujjwala scheme get an even bigger discount, paying only Rs 642 per cylinder.

The government gives the companies some money to help cover these losses, but it is not enough to cover everything.

The government also says that petrol and diesel prices in India went up much less than in other countries over the past five years.