August 11, 2026: India's state fuel retailers' revenue loss on the sale of liquefied petroleum gas (LPG), mainly used as cooking fuel, has narrowed to 188 rupees ($1.97) per 14.2-kilogram cylinder in August, junior oil minister Suresh Gopi said on Monday.

In July, the revenue loss for the sale ⁠of a cooking gas cylinder for households was 500 rupees, the minister told lawmakers in a written reply.

Retailers Indian Oil Corp (IOC.NS), opens new tab, Bharat Petroleum Corp (BPCL.NS), opens new tab and Hindustan Petroleum Corp (HPCL.NS), opens new tab have been selling a cooking gas cylinder for 942 rupees in Delhi since June 2026.

The Indian government ⁠compensates fuel retailers for loss on sale of cooking gas to households at below market rates with a lag.

The government paid a subsidy of ⁠300 billion rupees for clearing some of the dues for 2025/26 and 2026/27, Gopi said.

Despite payment of ⁠subsidy, the pending dues to be cleared for the state retailer for LPG are ⁠more than 590 billion rupees as of July 31, he said.
($1 = 95.2825 Indian rupees)

(Source: Reuters)