Cabinet Approval
Cabinet Approves Rs 30,000 Crore Compensation for Oil Marketing Companies
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a compensation of Rs 30,000 crore to three Public Sector Oil Marketing Companies (IOCL, BPCL, HPCL) for losses incurred from selling domestic LPG at regulated prices. This decision aims to support the companies amidst high international LPG prices