The government plans to save Rs 8,000 crore to Rs 10,000 crore annually on subsidy expenditure towards liquefied petroleum gas (LPG) following the partial roll out of Direct Benefits Transfer (DBT) scheme. The government recently decided to provide subsidies on cooking gas cylinders by crediting the amount directly in the bank account of beneficiaries in 20 di
Tag: cylinders
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LPG subsidy to be rolled out through DBT
The National Committee on Direct Benefit Transfer (DBT) recently decided to roll out the transfer of LPG subsidy through DBT in 20 districts with effect from 15 May 2013. Following this, the Principal Secretary to Prime Minister has written to the Secretary, Petroleum and Natu
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IPPL unveils new terminal at Ennore
IndianOil-Petronas (IPPL), a Joint Venture between IndianOil Corporation and Petronas of Malaysia, unveiled LPG import-export terminal at Ennore, near Chennai. The terminal is said to be having an installed capacity of 600,000 tonne per annu and provision has been made to double the capacity. The new terminal would ensure not only increased LPG availability but also avoid
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OMCs to discuss plans to increase LPG distributors
M Nene, Director (Marketing) of Indian Oil Corporation (IOC) informed that oil marketing companies (OMCs) would discuss with the union oil ministry their plans to raise the number of LPG distributors. OMCs feel the need to increase the number of distributors across the country, going by the 2011 census. Indian Oil Corporation alone has 6,000 distributors as of now and the firm plans to raise it to 7,000
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Gujarat govt plans PNG connection to many cities
Gujarat minister of Energy and Petrochemicals Saurabh Patel informed that the state government plans to provide Piped Natural Gas (PNG) connections in cities of Bhavnagar, Amreli, Junagadh, Jamnagar, Kutch (East) and Kutch (West). However, the central government has been delaying approval for the project in past two years, the minister said. The bidding process for providing PNG conn
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Minister to decide on extending deadline for subsidy scheme
Andhra Pradesh Civil Supplies Minister D Sridhar Babu informed that the Union Oil and Gas Minister Veerappa Moily may take a decision on the extension of the deadline for beginning Adhaar-linked subsidy transfer scheme for LPG cylinders. It may be recalled that oil marketing companies (OMCs) set February 15 as the deadline for providing LPG cylinders on s
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Consumers to get 3 more subsidised LPG a year
Union government raised the cap on subsidised cooking gas cylinder per household per year to nine from the previously fixed six. The new cap would be applicable from the financial year beginning April 1, 2013. Between September 2012 and March 2013, household will get a quota of five subsidised cylinders, Oil Minister M Veerappa Moily told reporters after the mee
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Govt launches portability scheme for LPG consumers
Petroleum and Natural Gas Minister M Veerappa Moily informed reporters that the government recently launched a pilot project of portability for LPG connections in Chandigarh. The project is aimed at enabling the customer, who is not satisfied with his present distributor, to shift his connection to another dealer. In 2013-14, the three state-run fuel retailers – IOC, BPCL
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Cabinet panel to decide on proposal to raise LPG cap
Media reports suggest that the Cabinet Committee on Economic Affairs would decide on the proposal of the oil ministry to raise the cap of the cap on supply of subsidised cooking gas (LPG) cylinders per household per year to nine. In September 2012, the government limited the subsi