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GOVERNMENT COMPENSATION FOR LPG
Retailers’ cooking gas losses dip in August, but government dues top Rs 59,000 croreFuel retailers' revenue loss on subsidized LPG narrowed to Rs 188 per cylinder in August. This marks a sharp decrease from the Rs 500 loss ...- Independence Day 2026: 79 years of work, ambition and the making of modern India2026 Independence Day of India: The country's job market transformed from agriculture, government jobs to private paychecks and now gig-bas...
- Top OMCs post losses with government weighing relief measuresState-run oil companies HPCL and BPCL reported significant losses for the April-June quarter. This occurred as they sold petrol, diesel, an...
- Rs 75,000 cr OMC loss: Oil ministry working on plan to offset losses. Companies seek financial support; Finance Ministry nod needed before proposal goes to CabinetOil Ministry is working on a proposal to compensate state-run oil marketing companies for losses incurred from selling fuel below market ra...
- Airlines shun Rs 10,000-crore ATF subsidy as fuel prices fallA Rs 10,000-crore jet fuel price stabilisation programme has failed to attract any airline sign-ups. The scheme, designed to shield carrier...
- New rules from July 1, 2026: Aadhaar update, passport fees, LPG prices, credit cards, railways and other major changes explainedSeveral important financial and regulatory changes have come into effect from July 1, 2026, impacting taxpayers, Aadhaar holders, passport ...
- From floods to war, state-run oil firms prove indispensable despite repeated privatisation bidsIndia's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite pa...
- Indian households continue to pay among the lowest cooking gas prices in the world: Petroleum MinistryThe Indian household continues to buy cooking gas much cheaper than the household in any neighbouring country, and far below the price paid...
- LPG Prices Hiked: Domestic cooking gas rates increased by Rs 29 per cylinder; Here's what consumers will now payLPG Price Today: Domestic LPG cylinder prices have been increased by Rs 29, taking the cost of a 14.2-kg cylinder in Delhi to Rs 942 with e...
- Bulk buyers shifting to retail pumps behind fuel demand spike in parts of IndiaFuel demand is rising at some Indian petrol pumps. Bulk diesel buyers are switching to retail outlets due to a large price gap. This is cau...
- LPG losses of oil companies narrows 35% QoQ in Q1FY26: ReportOil Marketing Companies (OMCs) saw a significant reduction in LPG under-recoveries during Q1 FY26, decreasing by approximately 35% due to p...
- Cabinet approves Rs 30,000 crore as compensation to OMCs for LPG lossesUnion Minister Ashwini Vaishnaw announced a significant financial boost for oil marketing companies. The government will provide Rs 30,000 ...
- Govt likely to soon compensate oil firms for LPG lossesThe government is likely to provide Rs 30,000-35,000 crore in subsidies to IOC, BPCL, and HPCL to offset losses incurred from selling LPG b...
- OMC stocks in focus after Hardeep Puri confirms LPG compensation payoutShares of BPCL, HPCL, and IOC may stay in focus after Oil Minister Hardeep Singh Puri said the government will compensate OMCs for under-re...
- Oil & gas producers expected to bear subsidy burden of Rs 5Kcr - Rs 6Kcr in FY16State-run oil and gas producers are expected to bear a subsidy burden of Rs 5,000 crore-Rs 6,000 crore this fiscal under a new subsidy shar...
- Raising subsidised LPG cylinders to 12 a populist move: IcraThe government decision to raise the number of subsidised LPG cylinders to 12 per household a year from a quota of 9 is a populist move tha...
- No subsidised LPG cylinders for mid-day meal programmePetroleum Ministry has turned down a request of the HRD Ministry to allow supply of subsidised LPG cylinders for the mid-day meal programme.
- Let mid-day meal plan use cheaper LPG this year: Kapil Sibal urges Oil ministryKapil Sibal has urged oil minister Jaipal Reddy to take a quick decision to prevent operational problem in the scheme.
- Govt approves Rs 20K cr more subsidy to state oil retailersThe government today approved Rs 20,001 crore in additional cash subsidy to state-owned oil companies to compensate them for selling fuel b...
- IOC losing Rs 238 cr a day on fuel salesState-owned Indian Oil Corp is losing Rs 238 crore per day on selling diesel, domestic LPG and kerosene at government controlled rates.
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