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

WEF, MMRDA ink deal to transform MMR into global fin hub

The World Economic Forum (WEF) will provide funds to Maharashtra government for making Mumbai Metroplolitan Region (MMR) a global financial hub. An MoU between MMRDA (Mumbai Metropolitan Region Development Authority) and WEF was signed by Klaus Schwab, founder and executive Chairman, World

How to be prepared for the next pandemic

NITI Aayog on Wednesday released an Expert Group report, titled ‘Future Pandemic Preparedness and Emergency Response — A Framework for Action’. The expert group in the report has provided a blueprint for the country to prepare for any future public health emergency or pandemic and have a

The Shinde Saga: From humble beginnings to union home minister

Five Decades in Politics By Sushilkumar Shinde (as told to Rasheed Kidwai) HarperCollins India, 240 pages, Rs 599.00

How India can offer data protection to SMEs

Cyberattacks have become a daily phenomenon around the globe, especially in India. In the first half of 2024 alone, India has witnessed 593 cyber incidents, comprising of 388 data breaches, 107 data leaks, and 39 ransomware attacks. With an average of 3,201 cyberattacks per week in Q2 2024,

Sopan Joshi on writing “that mango book”, research and a “memorable” feast

Mangifera indica: A Biography of the Mango By Sopan Joshi Aleph Book Company, 432 pages, Rs 799 The mang

Shorter, more efficacious treatment for drug-resistant TB approved in India

The union ministry of health & family welfare has approved the introduction of the BPaLM regimen, a novel treatment for Multi-Drug-Resistant Tuberculosis (MDR-TB) under its National TB Elimination Programme (NTEP) as a highly effective and shorter treatment option. This regimen includes