LPG Gas Cylinder Subsidy: Government’s big statement on LPG subsidy, 7 crore customers will have direct impact

LPG Gas Cylinder Subsidy: Government is about to sell its stake in Bharat Petroleum Corporation Limited (BPCL). Which will directly affect more than 7 crore customers using LPG gas.

new Delhi. The government is about to sell its stake in Bharat Petroleum Corporation Limited. In such a situation, many questions were being raised in the minds of more than 7 crore customers using BPCL LPG gas. An explanation has been issued by the Central Government regarding this question. Union Minister Dharmendra Pradhan said on Friday that even after privatization of BPCL, its consumers will continue to get LPG subsidy. Explain that the government gives subsidy to consumers of oil marketing companies Indian Oil Corporation (IOC), BPCL (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).

Also Read: You can find out how much LPG Gas subsidy deposited in your account sitting at home, know the steps

Pradhan said on Friday that LPG subsidy is paid digitally to all verified customers. Since it is paid directly to consumers, it does not matter whether the servicing company is public sector or private sector. Even after disinvestment, LPG subsidy for BPCL consumers will continue as before. ”

Transfer What will BPCL consumer IOCL and HPCL

Asked what will be transferred to the IOC and HPCL after consuming a few years of BPCL, said that no such proposal now. “When we pay subsidy directly to consumers, then ownership does not come in that way,” he said. BPCL operates four refineries in Mumbai (Maharashtra), Kochi (Kerala), Bina (Madhya Pradesh), and Numaligarh (Assam) with a combined capacity of 38.3 million tonnes per annum, with a total refining capacity of 249.8 million of India. 15.3 percent.

Government is selling the entire stake

The government is selling its entire 53 percent stake in BPCL with management control. The new owner will get 15.33 percent of India’s refining capacity and 22 percent of fuel marketing. It owns 61 of 17,355 petrol pumps, 6,159 LPG distributor agencies and 256 aviation fuel stations in the country. Out of 28.5 crore LPG consumers in the country, BPCL is serving 7.3 crore people.

Government gives subsidy on 12 gas cylinders

Explain that the central government gives 12 LPG cylinders (LPG) of 14.2 kg in each household at a subsidized rate in a year. This subsidy is paid directly into the bank accounts of the users. The subsidy is paid in advance and consumers use it to purchase LPG refills, which are available only at market prices from dealers of oil marketing companies – Indian Oil Corporation (IOC), BPCL and Hindustan Petroleum Corporation Limited (HPCL) At the moment the refill is purchased using subsidy, another installment is transferred to user bank accounts.

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