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As per the report Union Cabinet, approved the proposal of the Ministry of Petroleum & Natural Gas to give a one-time grant amounting to _____________ crore to three Public Sector Undertaking Oil Marketing Companies (PSU OMCs).
  • a)
    Rs 25,000 crore
  • b)
    Rs 22,000 crore
  • c)
    Rs 27,000 crore
  • d)
    Rs 20,000 crore
  • e)
    Rs 23,000 crore
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
As per the report Union Cabinet, approved the proposal of the Ministry...
  • The Union Cabinet, chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Petroleum & Natural Gas to give a one-time grant amounting to Rs 22,000 crore to three Public Sector Undertaking Oil Marketing Companies (PSU OMCs).
  • The grant will be distributed among Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).
  • The approval will help the PSU OMCs to continue their commitment to the Atmanirbhar Bharat Abhiyaan, ensuring unhindered domestic LPG supplies and also supporting the procurement of Make in India products.
  • Domestic LPG Cylinders are supplied at regulated prices to consumers by the public sector Oil Marketing companies namely, IOCL, BPCL, and HPCL.
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As per the report Union Cabinet, approved the proposal of the Ministry of Petroleum & Natural Gas to give a one-time grant amounting to _____________ crore to three Public Sector Undertaking Oil Marketing Companies (PSU OMCs).a)Rs 25,000 croreb)Rs 22,000 crorec)Rs 27,000 crored)Rs 20,000 croree)Rs 23,000 croreCorrect answer is option 'B'. Can you explain this answer?
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