LPG Subsidy To BPCL Consumers Will Continue After Privatization
LPG subsidy to BPCL consumers will continue even after privatization: Dharmendra Pradhan.
Petroleum Minister Dharmendra Pradhan said on Friday that even after the privatization of the Bharat Petroleum Corporation Limited (BPCL), its consumers will continue to get LPG subsidy.
Pradhan said, “The subsidy on LPG is given directly to consumers and not to any company. So there will be no effect (on subsidy) on ownership of the company selling LPG. “
The government provides a maximum of 12 LPG cylinders (each with 14.2 kg gas) at subsidized rate every year on each connection.
This subsidy is given directly into the bank accounts of consumers. Consumers purchase LPG at the market price from the dealer and later the subsidy comes to their account.
The government subsidizes consumers of oil marketing companies Indian Oil Corporation (IOC), BPCL and Hindustan Petroleum Corporation Limited (HPCL).
Pradhan said that LPG subsidy is paid digitally to all verified customers. “Since it is paid directly to consumers.
It does not matter whether the service provider is in the public sector or the private sector.”
He said, adding that LPG subsidy to BPCL consumers even after disinvestment Will continue to meet as before.
The government is selling its entire 53 percent stake in BPCL with management control.
The new owner of the company will get 15.33 percent of India’s refining capacity and 22 percent of the fuel market.
Out of the total 28.5 crores LPG consumers in the country, 7.3 crore consumers belong to BPCL.
“All these will continue to receive a government subsidy,” Pradhan said. Asked if BPCL consumers would move to IOC and HPCL after a few years, he said that there is no such proposal at present.
He said, “When we pay the subsidy directly to consumers, ownership does not come in its way.”
Petrol, diesel prices continue to rise for the third day, petrol price crosses Rs 82 in Delhi
Petrol and diesel prices continued to rise for the third consecutive day on Saturday.
Petrol price in the country’s capital Delhi has once again exceeded Rs 82 per liter and the price of diesel has also crossed Rs 72 per liter.
Oil marketing companies on Saturday increased petrol prices by 24 paise in Delhi, 23 paise in Kolkata, 29 paise in Mumbai and 21 paise in Chennai.
At the same time, the price of diesel has been increased by 27 paise in Delhi and Kolkata, 28 paise in Mumbai and 26 paise in Chennai.
