New Delhi, Aug. 8 -- The Union Cabinet chaired by Prime Minister Narendra Modi has approved compensation amounting to Rs 30,000 crore to the three Public Sector Oil Marketing Companies (IOCL, BPCL and HPCL) for the under- recoveries incurred on sale of domestic LPG.

The distribution of the compensation within the OMCs will be done by the Ministry of Petroleum and Natural Gas.

The compensation will be paid in twelve tranches.

Domestic LPG Cylinders are supplied at regulated prices to consumers by the public sector Oil Marketing companies namely, IOCL, BPCL and HPCL.

The international prices of LPG remained at high levels during 2024-25 and continue to remain high.

However, to insulate consumers from fluctuations in international LPG p...