India approved ₹300B compensation for oil firms to cover LPG subsidy losses, aiding crude procurement, debt servicing, and capital spend.

• Compensation benefits Indian Oil, Bharat Petroleum, and Hindustan Petroleum, paid in 12 tranches to offset cooking gas subsidy losses.
• ₹120.6B allocated for providing subsidised LPG connections to nearly 100 million poor households’ women beneficiaries.
• Move aims to shield middle-class families from geopolitical gas price impacts and ensure uninterrupted energy supply.