Name: Govt likely to soon compensate oil firms for LPG losses
Uploaded: Thu, 10 Jul 2025 14:07:33 +0530
Channel: Rediff Video Desk
Description: The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to compensate for losses incurred from selling LPG at below cost over the past 15 months, according to a senior official.

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The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to compensate for losses incurred from selling LPG at below cost over the past 15 months, according to a senior official.

Uploaded by: Rediff Video Desk on Thu, 10 Jul 2025 14:07:33 +0530

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