Govt plans ₹ 35,000 cr LPG subsidy to IOC, BPCL & HPCL
Millennium Post Delhi|January 10, 2025
In a move to address mounting financial pressures on state-owned fuel retailers, the government is likely to provide a subsidy of Rs 35,000 crore to Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), sources revealed.

The subsidy aims to compensate for losses incurred on the sale of domestic liquefied petroleum gas (LPG) at controlled prices during the current fiscal year.

This story is from the January 10, 2025 edition of Millennium Post Delhi.

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This story is from the January 10, 2025 edition of Millennium Post Delhi.

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