Govt approves Rs 30,000-cr compensation to OMCs for their losses on cooking gas sales
The Cabinet has approved a budget of Rs 30,000 crore to support public sector oil marketing companies and cover their losses from selling cooking gas cylinders below market price. This will also continue the targeted subsidy for poor households under the Pradhan Mantri Ujjwala Yojana. The compensation will be divided among the three OMCs to ensure uninterrupted supply of LPG.