LPG segment to grow despite PNG roll-out- Secretary

Despite the rapid expansion of piped natural gas (PNG) framework in the country, the Liquified Petroleum Gas (LPG) segment will continue to grow in the near future, before it is phased down, analysts said.

“As for the switching from LPG to PNG, the fact is that there is a new cohort of customers coming in for the former.. both segments are growing,” said Pankaj Jain, secretary in the Ministry of Petroleum and Natural Gas while addressing the media during the launch of 12th city gas distribution bidding tender.

Highlighting the fact that over 7.5 million new connections have been added to the Pradhan Mantri Ujjwala Yojana, the secretary noted that usage of PNG as a primary fuel will require a greater customer base.

Stree 2 salaries: Shraddha Kapoor was paid Rs 5 crore for the film – Here’s how much Rajkummar Rao, Pankaj Tripathi, and others charged for the horror comedy “This maybe the last opportunity to get hostages home,” says Blinken as he pushes for ceasefire in Gaza Google Pixel 9 Pro XL: How its stacks up against the Apple iPhone 15 Pro Max – Every difference that you wanted to know 7th Pay Commission: Next DA hike for govt employees to result in minimum salary increase of Rs 6,480 annually – Here’s how

“There are places where PNG is going to struggle, given the geography of our country and the land, Jain said.

The country still has a huge number of villages without even 200 households. For these places, PNG infrastructure may not be economically feasible.

Also Read

Gas price hike: Little impact seen on CNG, PNG rates

The government earlier this month raised the subsidy on cooking gas (LPG) being sold under the Pradhan Mantri Ujjwala Yojana (PMUY), by Rs 100 to Rs 300/cylinder, a move that will benefit 96 million families, and the cost the exchequer Rs 1,500-1,800 crore in the remainder of the current fiscal year.

The targeted support to PMUY consumers is aimed encouraging them for continuous use of LPG.

The government expects natural gas production which has stagnated for long to increase with the new pricing policy, helping the country to reduce dependence on imports.

Related Posts

First Batch Of Xbox Game Pass Games For September Has Five Day-One Titles

It’s a new month, which means the next wave of Xbox Game Pass games have been announced for the first half of September 2022. This month kicks…

ICICI Securities shares dip over 4% as shareholders approve delisting proposal

Shares of ICICI Securities dropped by more than 4% after shareholders of India’s leading broking firm approved the delisting of the company. The scheme of arrangement to…

Muthoot Microfin IPO allotment status declared- Know how to check online now

The conclusion of Muthoot Microfin’s initial public offering (IPO) worth Rs 960 crore saw an overall subscription of 11.52 times on December 20. Investors eagerly awaiting the…

Rating- BUY – All clear to improved industry profitability

Ashok Leyland (AL) reported a robust performance in Q2, with a significant increase in Ebitda and recurring PAT by 29-32% q-o-q (2-3x y-o-y), aligning with Jefferies expectations Come…

Govt offloads over 4 MT of wheat in open market to curb prices

To curb the rise in prices, the government has offloaded 4.1 million tonne (MT) of wheat under the open market sale scheme (OMSS) by the Food Corporation…

Is there value in a small cap-

By Abhijit Bhave The Indian small-cap scene has been nothing short of a phenomenon. The Nifty Smallcap 100 index has skyrocketed 60% in the past year, with…