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ndianOil ties up LPG imports, fully geared for higher gas demand
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SME Times News Bureau | 09 Apr, 2020
Indian Oil Corporation (IndianOil) has tied up higher LPG imports for
April and May to ensure uninterrupted availability of bulk cooking gas
fuel for its bottling plants and meet additional demand in the course of
Covid-19 crisis.
The company will import 50 per cent additional
quantity of LPG on the two month period that will help it cater to
rising demand for cooking gas, especially when the government has
allowed free supply of LPG cylinders to 8 crore customers under Pradhan
Mantri Ujjwala Yojana (PMUY), for whom the government has extended the
facility of three LPG refills free of cost during the months April, May
and June 2020.
As part of the exercise to increase LPG production
in its major refineries, IndianOil is optimising operations,
improving LPG yield in LPG producing units like FCC/IndMax, etc.
The
Corporation's LPG bottling plants too are working extended hours,
operating night shifts and on public holidays/Sundays, to meet the
growing demand. The transport infrastructure linking the plants to the
distributors has also been optimised for quick turnaround of cylinders.
There
has been a sudden jump in demand for LPG cylinders in the last one
month period as people are staying indoors during the national lock
down. IndianOil itself has delivered more than 3.38 crore LPG cylinders
to its customers in the last 15 days since lockdown, that is, 26 lakh
cylinders every single working day.
While assuring its customers
across the country of adequate LPG supplies, IndianOil has appealed to
them not to resort to panic-booking or visit the showrooms and godowns
of their LPG distributorships for obtaining refills.
The
Corporation has already initiated the transfer of the RSP for the first
LPG refill to the bank accounts linked by its PMUY customers for direct
subsidy payments. Accordingly, a total amount of over Rs 2,780 crore is
being transferred to the bank accounts of about 3.7 crore PMUY
customers, and the process is likely to be completed in the next two
days.
At the time of refill delivery, the PMUY customer has to
pay the delivery boy the full RSP for the refill as per the cash memo
using the amount received by her in her bank account. PMUY customers who
have taken delivery of a refill in April prior to the transfer of money
in their bank accounts will also be eligible to book for a free refill
after 15 days' gap.
In view of COVID-19 lock-down, the LPG
distributors will not insist upon hard copy/copies of any document
required from the PMUY customers. The required documents can be
captured digitally and hard copies submitted after the lock-down is
lifted for maintenance of proper records.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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75.65 |
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As on 13 Aug, 2022 |
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