Economy
🇮🇳 IndiaPending Dues Exceed ₹59,000 Crore Despite ₹30,000 Crore Subsidy

India’s state fuel retailers’ revenue loss on the sale of liquefied petroleum gas (LPG), mainly used as cooking fuel, has narrowed to ₹188 ($1.97) per 14.2-kilogram cylinder in August, junior oil minister Suresh Gopi said on Monday.
Retailers Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp have been selling a cooking gas cylinder for ₹942 in Delhi since June 2026. The Indian government compensates fuel retailers for loss on sale of cooking gas to households at below market rates with a lag. The government paid a subsidy of ₹30,000 crore for clearing some of the dues for 2025/26 and 2026/27, Gopi said. Despite the payment of subsidy, the pending dues to be cleared for the state retailers for LPG are more than ₹59,000 crore as of July 31, he said. We have migrated to a new commenting platform.
Source: The Hindu Business
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