New Delhi, Aug. 8 -- Union Petroleum Minister Hardeep Singh Puri on Friday hailed the Centre's recent decision to pay Rs 30000 crores to oil companies in 12 parts, which has kept prices of Liquefied Petroleum Gas stable in the country.

In a significant decision, the Union Cabinet, led by Prime Minister Narendra Modi, has approved a compensation of Rs.30,000 crore to be paid in twelve parts to oil companies that have kept LPG prices stable despite global uncertainty.

Despite a 63% hike in Saudi CP, the Modi government has kept LPG prices stable, insulating mothers and sisters from the price rise. Oil Marketing Companies (OMCs) have suffered heavy losses to make LPG available to kitchens at nearly half the cost at which it is sold in neig...