India releases $3.4 billion in oil aid compensation to three state-owned companies to ease pressure from rising natural gas prices.

The Indian government has confirmed that it will provide the long-awaited 3 trillion rupees payment to support its state-owned fuel retailers - Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation. This compensation is aimed at easing the pressure brought about by the surging global natural gas prices and stabilizing the fluctuations faced by middle-class consumers.