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National
DN Bureau

Cabinet Okays Rs22k-cr One-Time Grant To 3 State-Run Oil Marketing Firms For Losses In LPG

Oil ANI Dynamite News Petroleum Natural Gas
Cabinet approves Rs22k-cr one-time grant to 3 state-run oil marketing firms for losses in LPG

New Delhi: The Cabinet on Wednesday approved the proposal of the ministry of petroleum and natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business.

The Union Cabinet, chaired by Prime Minister Narendra Modi, also said that the grant would be distributed among Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL).

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