Cabinet okays Rs 30,000 crore as compensation to public sector OMCs for losses in domestic LPG
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved Rs 30,000 crore compensation to three public sector Oil Marketing Companies (IOCL, BPCL and HPCL) for the under-recoveries incurred on the sale of domestic LPG. The distribution of the compensation within the OMCs will be done by the Ministry of Petroleum and Natural…
