The Union government will pay Rs 25,000 crore additional cash subsidy to the government-owned fuel retailers to cover for the revenue they lost on selling auto and cooking fuel below cost this fiscal. The Finance Ministry has so far provided Rs 55,000 crore to Indian Oil Corporation (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) to cover for part of the revenue they lost on selling diesel, domestic LPG and kerosene at government controlled rates which are below the cost.
FlashNews:
SMFCL Targets ā¹602 Billion Disbursals by 2031 as Maritime Financing Ecosystem Takes Shape
India Must Build a Complete Maritime Ecosystem to Unlock Shipbuilding Ambitions: TK Ramachandran
Geospatial Workforce Expansion Critical to Viksit Bharat Vision: Experts
Agrivoltaics: States Court Investors as Farm-Solar Adoption Accelerates
Sonowal Urges Polish Firms to Build and Invest in India as Strategic Ties Deepen
Indian Railways Records Highest-Ever Coal Loading Growth in October
Climate Fund responsAbility Investment Fuels Navitasā Solar Manufacturing Expansion
Air India Begins Construction of Advanced MRO Facility at Delhi Airport
TVS ILP Leases 80,000 Sq Ft Visakhapatnam Warehouse to Yokohama Groupās ATC Tires
Viasat Names Six Finalists for Space for Good India Challenge 2026 Finals
India Prepares Mega Agrivoltaics Push as Farmland Solar Potential Surpasses 2050 Power Demand
From Jaipur to Russia: RUSAL Opens New Opportunities for Indian Workers
Sovereign Cloud Emerges as Indiaās AIāReady Digital Foundation
Shivalaya Construction Secures ERESā47 Transmission SPV for Eastern Grid Expansion from RECPDCL
Indiaās Open Mobility Pioneer Takes Its RideāHailing Model to Europe
NTPC, Africa50 Join Forces to Develop Power Projects Across Africa
NHAI Introduces Independent Design Checks for Major Bridges and Critical Highway Structures
SITA to Acquire Collins Aerospace Airport Solutions, Expanding Global Airport Technology Capabilities
RITES Dispatches First 18āCoach Rake to Bangladesh Railway under Export Contract
Home » additional cash subsidy