Current Affairs · Economic Policies & Cabinet Decisions
Regarding the Union Cabinet approval in August 2025 of a ₹30,000 crore compensation for public sector Oil Marketing Companies (OMCs), which statements are accurate? 1. Compensation will be paid in 12 tranches to Indian Oil, Bharat Petroleum, and Hindustan Petroleum for under-recoveries on supplying domestic LPG. 2. The Ministry of Petroleum and Natural Gas will decide the allocation of compensation among the OMCs. 3. The compensation specifically covers losses due to delayed payments from international crude oil marketing entities.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 3
- 2Both 2 and 3
- 3Only 3
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
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