Cabinet Approves ₹30,000 Crore Compensation to OMCs for Domestic LPG Losses
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a compensation package of ₹30,000 crore for three public sector Oil Marketing Companies (OMCs) — Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) — to cover under-recoveries incurred on the sale of domestic LPG….
