Government's big statement on LPG subsidy 7 crore consumers will get relief
The government has to sell its stake in Bharat Petroleum Corporation Limited. Currently, BPCL is questioning the subsidy in the minds of over 70 million consumers using LPG. While stating this to Petroleum Minister Dharmendra Pradhan, he said that every consumer will continue to get subsidy.
Government's big statement about LPG subsidy
Every customer will continue to get subsidy
7 crore customers will get relief
Gas subsidy will continue
Petroleum Minister Dharmendra Pradhan has said that even after the privatization of BPCL, it will give subsidy to every LPG consumer. Dharmendra Pradhan said that subsidy on LPG will be given directly to consumers and not to any other company. This will not affect the subsidy rights of the LPG selling company.
12 LPG cylinders
The government subsidizes a maximum of 12 cooking gas cylinders (14.2 kg) per year on each connection. The subsidy is deposited directly into the customer's account.
They also get subsidy
Customers buy LPG from the dealer at the market price and then the subsidy comes to their account. The government subsidizes customers of oil companies Indian Oil Corporation, BPCL and Hindustan Petroleum Corporation Limited.
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 the fuel market. Of the total 285 million LPG customers in the country, 73 million are from BPCL.
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What will happen to customers
Will BPCL customers switch to IOC and HPCL after some time? In response to a question, he said that at present there is no such proposal. If we give subsidy to customer's account, then companies will not get the rights.