Supply LPG only to PSU oil firms, government tells producers -Governance Now

Supply LPG only to PSU oil firms, government tells producers

The sale of indigenously produced LPG is not permitted to the entities other than PSU oil firms

GN Bureau | December 1, 2016

#PSUs #IOC #BPCL #HPCL #Reliance Industries

Liquefied petroleum gas (LPG) producers like Reliance Industries have been asked by the government to supply cooking gas they produce only to state-run oil companies. Private retailers have been asked to source their requirements through imports, reported Press Trust of India.

A statement issued by the ministry of petroleum and natural gas said that “sale of indigenously produced LPG is not permitted to the entities other than government oil companies”. It added that the move is aimed at ensuring supply of subsidised LPG only by PSUs to consumers.

While India is surplus in refining capacity, it does not produce enough LPG to meet all of its demand. It imported 8.7 million tonnes of LPG in 2015-16 and 4.66 million tonnes in first half of current fiscal. LPG is produced by both public sector firms like Indian Oil Corp (IOC) as well as private firms like Reliance Industries.

The ministry said instances have been noticed of all locally produced LPG not being sold to oil marketing companies — IOC, Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL).

Comments

Other News

Manch vs Musk: Forty people and a foreign billionaire

About forty people walked the roundabout on Teen Murti Marg to the gate of Chanakyapuri police station, a distance you could cover in under a minute, on Friday to protest against Elon Musk’s Starlink. The walk was called by the Swadeshi Jagaran Manch. Nobody joined them on the way, and nobody seeme

Master sculptor recalls the making of the Shankaracharya statue

The Golden Chisel: The Story Behind the Making of Ram Lalla By Seethalakshmi S. and Rahul Nandan Rupa Publications, 168 pages, Rs 395

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv. “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li