LPG under-recoveries of PSU oil firms cross ₹59,000 crore in July
LPG supplies were among the areas most affected by the war because India relied on West Asia for about 90% of its cooking gas imports before the conflict.
State-run Indian oil companies amassed over ₹59,000 crore in under-recoveries from the sale of domestic cooking gas (LPG) by the end of July 2026, following a surge in global LPG prices triggered by the war in West Asia, according to a Rajya Sabha reply. The under-recovery per 14.2-kg LPG cylinder fell to ₹188 in August 2026 from over ₹500 in July, as global LPG prices eased from their recent peaks.
The government has compensated state-owned oil marketing companies (OMCs) with ₹22,000 crore in FY 2022-23 and a further ₹30,000 crore each in FY 2025-26 and FY 2026-27, despite the accumulated under-recoveries.
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