NEW DELHI: Oil marketing companies (OMCs) received Rs 30,000 Ccapital infusion from the government in the Budget 2023-24 for the energy transition. As per the Budget document on capital allocation to the petroleum ministry, the government earmarked Rs 30,000 crore as capital support to oil companies, Rs 5,000 crore is meant for strategic storage filling of oil reserves, and Rs 180 crore for direct benefit transfer for LPG consumers.
