{"id":15057,"date":"2025-08-08T12:26:45","date_gmt":"2025-08-08T12:26:45","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15057"},"modified":"2025-08-08T12:26:45","modified_gmt":"2025-08-08T12:26:45","slug":"india-approves-3-4-billion-payout-to-state-run-refiners-for-cooking-gas-losses","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15057\/","title":{"rendered":"India approves $3.4 billion payout to state-run refiners for cooking gas losses"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0India has approved 300 billion rupees ($3.4 billion) compensation to oil marketing companies for losses incurred in selling subsidised cooking gas, Information and Broadcasting Minister Ashwini Vaishnaw said on Friday.<\/p>\n

The compensation, approved by Prime Minister Narendra Modi’s cabinet, would be paid to state-run Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp in 12 tranches, according to a government statement.<\/div>\n

It will allow state-run oil companies to continue crude procurement, debt servicing, and sustaining capital expenditure, the statement said.<\/p>\n

“As gas prices are impacted by geopolitics, the subsidy will insulate the country’s middle-class families from any negative impact,” Vaishnaw said at a briefing.<\/p>\n

The government also allocated 120.6 billion rupees towards a scheme to provide subsidised cooking gas connections to women from nearly 100 million poor households.<\/p>\n

($1 = 87.6880 Indian rupees)<\/p>\n

Updated on