IOC ties up additional LPG imports; money transferred to beneficiaries for free LPG
In a statement, IOC said it has tied up additional import “to the tune of about 50 per cent over normal imports to ensure uninterrupted availability”.
State run-Indian Oil Corporation has tied up to import additional cooking gas, about 50% over the normal imports, for April-May to ensure uninterrupted supply during the Covid-19 crisis, the company said late Thursday. India is the world’s second largest importer of cooking gas, Liquified Petroleum Gas (LPG) and sources almost half of its needs from global suppliers, especially in the Middle East. IOC has already undertaken steps to ramp up LPG output in its major refineries by optimising operations, improving LPG yield, and its bottling plants are working extended hours to meet the growing demand. The increased import will ensure availability of bulk LPG for its bottling plants. “While assuring its customers across the country of adequate LPG supplies, IndianOil has appealed to them not to resort to panic-booking or visit the showrooms and godowns of their LPG distributorships for obtaining refills,” the company said. IOC delivered over 3.38 crore LPG cylinders to its customers in the last 15 days since lockdown, that is, 26 lakh cylinders every single working day. The transport infrastructure linking the plants to the distributors has been optimised for quick turnaround of cylinders. The company has advised its distributors to give priority refill deliveries to LPG customers under Pradhan Mantri Ujjwala Yojana (PMUY), for whom the government has extended the facility of three LPG refills free of cost during the months April, May and June 2020. IOC said it has initiated the transfer of the retail selling price for the first LPG refill to the bank accounts linked by its PMUY customers for direct subsidy payments. “Accordingly, a total amount of over Rs. 2,780 crore is being transferred to the bank accounts of about 3.7 crore PMUY customers, and the process is likely to be completed in the next two days,” the company said. IOC said that people across the supply chain are practising high standards of hygiene and sanitisation and are using masks and gloves while handling & delivering cylinders.“Despite lockdown/curfew/containment and various other restrictions on movement imposed by various State/District administrations, IndianOil’s LPG distributors and delivery boys are going the extra mile to ensure timely delivery of LPG cylinders to the doorsteps of customers in the safest possible way,” the company said
Sabarmati Gas Limited slashes rates of CNG and PNG
Sabarmati Gas Limited has reduced the price for its CNG and PNG customers, it said on Thursday. CNG will be retailed at 52.65 per kg, a drop of Rs. 2.25 per kg, effective April 9, it said.
SabarmatiGas Limited has reduced the price for its CNG and PNG customers, it said on Thursday. CNG will be retailed at 52.65 per kg, a drop of Rs. 2.25 per kg, effective April 9, it said. SGL has reduced gas price for its PNG Domestic customers also by Rs. 1 per SCM effective April 9. The revised PNG price shall now be Rs 27.70 per SCM. The price reduction shall benefit over 2 lakh vehicle owners and over 1.85 lakh residents across district of Gandhinagar, Sabarkantha, Arvalli, Mehsana &Patan, a statement from SGL said.