India News

Cabinet Approves ₹30,000 Crore Compensation for Oil Companies Amid LPG Losses

The Union Cabinet has approved a ₹30,000 crore compensation package for Oil Marketing Companies (OMCs) to offset their losses in supplying subsidized domestic LPG cylinders. The move comes as part of the government’s ongoing efforts to maintain affordability of cooking gas, especially under the Pradhan Mantri Ujjwala Yojana (PMUY). Launched in May 2016, PMUY provides Read More…