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RIL allowed to sell LPG to private marketers
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SME Times News Bureau | 01 Sep, 2015
The Mukesh Ambani-led Reliance Industries Ltd (RIL) has been permitted
to sell up to 120,000 tonnes of its LPG (cooking gas) output to private
cooking gas marketers as per a government order.
The petroleum
ministry order, valid from April 1, 2015 to March 31, 2016, is,
however, subject to RIL importing an equivalent quality for supplying to
state-run oil marketing companies (OMCs).
According to the
order, RIL will have to import an equivalent quantity and deliver it to
state-run OMCs at a cost-neutral or cheaper price.
The
ministry's LPG control order mandates that all domestically-produced
cooking gas must be supplied to state-run companies. However, under the
Parallel Marketing Scheme (PMS), private companies are allowed to
import and market cooking gas to bulk consumers.
RIL has been
permitted to sell up to 10,000 tonnes per month to private marketers,
while arrangement would be valid till the LPG import facility at Kandla
Port in Gujarat is re-commissioned or March 31, 2016 or till further
orders, whichever is earlier.
The government had, in February
2014, asked RIL to stop retailing cooking gas produced in its Jamnagar,
Hazira and Patalganga plants.
The company supplies cooking gas to 1 million, mostly rural, customers, and to 134 auto LPG outlets.
RIL
had contested the order, saying it was selling domestic LPG in the
market because state-run OMCs were not willing to pay market rates.
The
company said the move to prohibit the company from marketing gas would
deprive its rural customers, mostly in Gujarat, Maharashtra, Rajasthan
and Madhya Pradesh.
Following the RIL representation, the
petroleum ministry in August last year permitted the company to sell up
to 10,000 tonnes per month of cooking gas to parallel marketers till
March 31, 2015, which period has now been extended till March 2016.
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