-The Indian Express Cooking gas (LPG) consumers with multiple connections who do not submit Know Your Customer (KYC) forms by month end will lose subsidised LPG supply and will be charged commercial rates, the government said today. "The LPG gas connection of those multiple LPG connections holder who fail to furnish the KYC forms by the prescribed date, will be suo moto converted into Non-Domestic Exempted Categories (NDEC) rate connections," Minister of...
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Cash transfer scheme: Oil ministry asks PMO to delay rollout by three months-Amitav Ranjan
-The Indian Express The Petroleum Ministry has asked the Prime Minister’s Office to defer the rollout of the direct cash subsidy transfer scheme by at least three months. The ministry told the PMO on Monday that its oil marketing companies are not ready to implement the scheme even in the 51 districts identified in the first phase. Pointing out that bank accounts need to be opened on behalf of the beneficiaries, the...
More »Direct subsidy transfers for LPG, kerosene to cut fuel bill by Rs 15,000 crore -Rajeev Jayaswal
-The Economic Times The government plans to directly transfer money to the bank accounts of cooking gas customers even if they do not have Aadhaar identification. The rollout will start with a pilot project in Andaman and Nicobar Islands by April, and will be extended to the rest of the country in a year. The oil ministry will also seek Cabinet approval to end the sale of subsidised kerosene and proposes to transfer...
More »Six-cylinder annual LPG cap under review: Veerappa Moily
-The Times of India The government is looking into demands for raising the six-cylinder annual cap on supply of subsidized cooking gas refills to each family, oil minister M Veerappa Moily told the Lok Sabha in a written reply on Friday. Separately, minister of state for petroleum Panabaaka Lakshmi told the House that state-run fuel retailers have issued more than 10 lakh new cooking gas connections since the government capped the supply...
More »Oil Cos Resume Issuing Subsidised LPG connections
-Outlook After a few weeks of hiatus, state-owned oil companies have resumed issuing new subsidised cooking gas (LPG) connections, beginning with North Eastern states. In September, issue of new LPG connections had been put on hold pending a massive nationwide exercise to eliminate users having multiple connections at the same address. The three oil PSUs have now started releasing new LPG connections in Meghalaya, Sikkim, Nagaland and Andaman & Nicobar Islands, said Indian...
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