Archive · 9 Aug 2025
India Approves ₹30,000 Crore Subsidy for Oil Firms
The Indian government decided to give ₹30,000 crore to oil companies like IOC, BPCL, and HPCL.
These companies were losing money because they sold cooking gas (LPG) for less than it cost them.
This money will help them keep buying oil and making sure people can still get LPG at a good price.
The government didn't raise the price of LPG even when it cost more to buy, so this subsidy helps the oil companies cover their losses.
The Union Cabinet approved a ₹30,000 crore subsidy for state-run oil companies.
The subsidy compensates Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum for losses.
Losses were incurred from selling LPG below cost over the past 15 months.
The compensation will be paid in 12 tranches.
This aims to ensure continued LPG supply to households.
- Who
- The Union Cabinet, Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum.
- What
- The Union Cabinet approved a ₹30,000 crore subsidy for oil marketing companies to cover losses from selling LPG.
- When
- The subsidy covers losses from the past 15 months.
- Where
- India.
- Why
- To compensate oil companies for losses and ensure continued affordable LPG supply.
- Subsidy Amount
- ₹30,000 crore
- Beneficiary Companies
- IOC, BPCL, HPCL
- Purpose
- Compensation for LPG losses
- Payment Method
- 12 tranches
- Time Period
- Past 15 months
Sources
Cabinet likely to clear ₹30,000 crore LPG subsidy for oil companies
Cabinet likely to consider LPG compensation for companies, Ujjwala gas subsidy payout today
Cabinet likely to approve Rs 30,000 crore compensation for gas companies: Report
Cabinet OKs Continuation of Targeted Subsidy for PMUY Consumers at Rs 12,000 Crore Expenditure
Govt provides ₹30,000 cr relief to OMCs for LPG under-recoveries
Govt approves Rs 30,000-crore compensation to oil marketing companies for their losses on cooking gas sales
Cabinet Approves Rs 12,000-Crore Ujjwala Yojana Subsidy Till 2025-26
Cabinet approves ₹30,000 cr subsidy to compensate oil firms for LPG losses
Cabinet approves continuation of Ujjwala Yojana subsidy for consumers for 2025-26 at Rs 12,000 crore
Cabinet approves Rs 30,000-cr compensation to PSU oil firms for domestic LPG losses
Cabinet Extends ₹300 LPG Subsidy For PMUY Consumers In 2025–26 At ₹12,000 Crore Cost
Union Cabinet Approves ₹30,000 Crore Compensation To Oil PSUs For LPG Losses
Cabinet approves Rs 30,000 crore compensation to oil PSUs for LPG losses
Cabinet approves ₹12,060 crore for PM Ujjwala Yojana in FY26, clears ₹30,000 crore LPG compensation for OMCs
Cabinet extends LPG subsidy for PMUY consumers at a cost of Rs 12,000 crore in 2025-26
Govt provides ₹30,000 cr relief to OMCs for LPG under-recoveries
Govt approves ₹42,000 cr spending for LPG under recoveries, extending Ujjwala benefits
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet Approves Rs 30,000-cr Subsidy to Three Public Sector Oil Companies
Cabinet greenlights ₹30,000 crore fuel payout, new I-T bill, infra projects
