Big news! 8.4 crore LPG customers will not get gas due to privatization of BPCL? | 8 4 crore lpg customers will not get gas due to privatization of bpcl
Privatization will hamper subsidies to Bharat Petroleum Corporation Limited (BPCL). There are already plans to offer discounts to continue selling LPG Gas Connection.
New Delhi: BPCL disinvestment: LPG supply has been ordered from two decades ago that only LPG gas connections should be supplied by state-owned oil companies. This will hamper the subsidy to Bharat Petroleum Corporation Limited (BPCL) after privatization. There are already plans to offer discounts to continue selling LPG Gas Connection. (8.4 crore LPG customers will not get gas due to privatization of BPCL?)
Currently BPCL has over 8.4 crore domestic LPG gas connections
Legal opinion has now been sought to check whether companies like ONGC and GAIL can supply LPG to the company after the privatization of BPCL. Currently, BPCL has over 8.4 crore domestic LPG customers. Of these, 2.1 crore are bright customers. The company’s own domestic gas production is not enough for this. Like other oil marketing companies, BPCL buys LPG from private companies like ONGC and GAIL India Limited as well as Reliance Industries Limited.
Gas can only be sold to an indigenous company
The LPG (Regulation and Supply and Distribution) Order 2020, popularly known as the LPG Control Order 2000, applies only to state-owned oil marketing companies. Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and BPCL have plans to sell domestically produced LPG. The order bans the supply of LPG produced by companies such as ONGC and GAIL to private companies. Parallel LPG vendors have to use imported gas from private sector LPG vendors.
The government is seeking legal advice
Considering the shortage of LPG in the country, Control Order 2000 has been issued. The order will bar ONGC and GAIL from selling LPG to BPCL once BPCL is privatized, officials said. That is why the government is considering a legal opinion on the issue.
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8.4 crore LPG customers will not get gas due to privatization of BPCL?
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