Indian retailers' losses on domestic LPG sales narrow in August

Bharat Petroleum

10/08/2026 11:06

NEW DELHI, Aug 10 (Reuters) - 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, Bharat Petroleum Corp BPCL.NS and Hindustan Petroleum Corp HPCL.NS 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)

 (Reporting by Nidhi Verma; Editing by Leroy Leo)
 ((nidhi.verma@thomsonreuters.com; X: @nidhi712;))