In FY 2024–25, industry-wide losses are projected at Rs 41,338 crore, with IOCL alone incurring Rs 19,000 crore in under-recoveries.The government has also approved the continuation of a targeted LPG subsidy of Rs 300 per 14.2 kg cylinder (proportionately for 5 kg cylinders) for up to 9 refills per year for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries in FY 2025–26. The initiative will entail an expenditure of Rs 12,000 crore.Launched in May 2016, PMUY aims to provide deposit-free LPG connections to adult women from economically weaker households. As of July 1, 2025, the scheme covers 10.33 crore beneficiaries across India.India meets around 60% of its LPG demand through imports, making prices vulnerable to global fluctuations. To insulate vulnerable households, the government introduced a targeted subsidy of Rs 200 per cylinder in May 2022, which was later increased to Rs 300 in October 2023.
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