
The oil math: Compensating oil marketing companies for LPG losses
To plug LPG losses, oil marketing companies (OMCs) — Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC) — are set to mop up ₹9,000 crore in FY26 through a ₹50 hike in LPG cylinder …