Business

India Achieves Another Milestone As It Becomes 'The Second Largest LPG Importer'

HARSH RANJAN | 0
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| February 7 , 2019 , 19:01 IST

India has become the world's second largest importer of liquefied petroleum gas after China.

Oil Secretary M M Kutty said, "the government's push to provide clean cooking fuel to every household has turned India into the world's second largest LPG consumer whose demand is projected to rise 34 per cent by 2025."

Praising the Modi government, he said, "government has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature.

Oil minister Dharmendra Pradhan says imports of LPG grew 12.5 per cent over the past five years to 12 million metric tons (13 million tons) in 2018-19, surpassing Japan and putting India in second place behind China. He says the demand for LPG is projected to rise 34 per cent from 2014 to 2025.

Traditional fuels such as wood and cow dung cause heavy pollution and health problems for millions of villagers. India imports LPG mainly from Saudi Arabia, Qatar, the United Arab Emirates, Kuwait and Iran.

Under Pradhan Mantri Ujjwala Yojana (PMUY) of providing free cooking gas (LPG) connection to poor, over 6.31 crore connections have been provided since the launch of the scheme on May 1, 2016.

ALSO READ: LPG Price Fall: Subsidised Cylinder Gets Cheaper By Rs 6, Non-Subsidised By Rs 120.50

Also, the government has started transferring the LPG subsidy directly into bank accounts of the beneficiaries, thereby eliminating duplication and fake users. So far, more than Rs 96,625 crore has been transferred into the bank accounts of consumers.

Under the Direct Benefit Transfer, rather than supplying LPG cylinders at subsidised rates, the government now supplies cylinders at market prices and transfers the subsidy amount into bank accounts.

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