Video: Union Cabinet Approves ₹30,000 Crore Subsidy for Oil Companies

The Union Cabinet, chaired by PM Narendra Modi, has approved a ₹30,000 crore subsidy for public sector Oil Marketing Companies to offset losses from domestic LPG sales. The subsidy will be released in 12 installments, with the Petroleum Ministry allocating funds to IOCL, BPCL, and HPCL.