{
  "id": 485615,
  "title": "LPG under-recoveries of PSU oil firms cross ₹59,000 crore in July",
  "url": "https://urgent.news/2026/08/10/lpg-under-recoveries-of-psu-oil-firms-cross-59-000-crore-in-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T17:14:27.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/lpg-under-recoveries-of-psu-oil-firms-cross-59-000-crore-in-july-11786373997374.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [
    "State-run oil firms recovered ₹59,000 crore in LPG under-recoveries by July 2026.",
    "Global LPG prices surged due to West Asia war, causing under-recoveries."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}