New Delhi, Nov. 20 -- Oil Marketing Companies (OMCs) continue to face heavy financial pressure from LPG under-recoveries, even as the government prepares to release subsidies over the coming months, highlighted a report by Nuvama Research.

According to the report, LPG-related losses for OMCs currently stand at Rs 53,700 crore. The companies are likely to receive LPG subsidy of Rs300 bn (Rs 30,000 crore) in 12 tranches from the government, compared with cumulative under-recoveries of around Rs 537 bn (Rs53,700 cr) at the end of September 2025.

The report stated "OMCs are likely to get LPG subsidy of Rs300bn in 12 tranches from the government versus cumulative under-recoveries of ~Rs 537bn at end-Sep'25".

The equal monthly instalments ar...