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Budget 2025 | Puri says there’s more than enough for oil companies, LPG beneficaries
Hardeep Singh Puri, the Union Minister for Petroleum and Natural Gas, on Saturday reitered the government’s commitment to compensating for losses incurred by Oil Marketing Companies (OMCs) and said this does not require a separate budgetary provision.
Puri explained that his ministry can seek funds from the finance ministry when required and said oil manufacturers have previously received ₹220 billion after they faced under-recoveries to the tune of ₹280 billion. The minister explained that OMCs that engage in good corporate behaviour need to be compensated for their losses.
Puri sought to allay concerns over the reduction in the Pradhan Mantri Ujjwala Yogana — a scheme aimed at providing clean cooking gas to poor households — saying there is sufficient provision to meet the beneficiaries’ needs.
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