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LPG consumption 7.3% despite price rise: Oil companies

With usage among PMUY beneficiaries, LPG consumption increased by 7.3% in the last three months from among PMUY beneficiaries, mostly poor rural households, jumping near 20%, state-owned oil Companies said.

“The consumption of LPG among PMUY customers has improved,” the Indian Oil Corporation (IOC) said in a statement.

Cooking gas consumption between December 2020 and February 2021, a huge increase in rates across all categories to 175 per cylinder was seen, jumping 19.5% among Prime Minister Ujjwala Yojana (PMUY) beneficiaries – over 8 crore poor families who are free Connection from 2016 found in.

A similar statement was also issued by the privatization-bound Bharat Petroleum Corporation Limited (BPCL).

Opposition parties such as Congress and TMC impressed the common man, attacking the government over the steady increase in fuel prices.

Reports also suggested that some PMUY beneficiaries quit buying LPG after the price hike.

Oil Minister Dharmendra Pradhan told the Lok Sabha earlier this week that LPG prices have doubled since the BJP came to power seven years ago.

On March 1, 2014, the retail price of domestic gas was .5 410.5 per 14.2-kg cylinder. This month, the cost of the same cylinder is 819.

Though LPG consumption increased by 23.2% in the initial quarter of the current fiscal year, mainly due to the free LPG cylinders being provided to PMUY beneficiaries to deal with the problems of COVID-19 lockdown, LPG in December. Demand continued to improve. With a 7.3% year-over-year growth in February, the statements said.

PMUY customers consumed 10.1 lakh tonnes of LPG during the three months, up from 8.45 lakh tonnes a year ago.

Compared to year-on-year, total domestic LPG sales have registered a phenomenal growth of 10.3% during the current financial year. [April 2020 to February 2021], “It said.

He said that to reduce the problems that were marginalized during the lockdown, three free LPG refills were provided to PMUY beneficiaries at a cost of ills 9,670 crore.

LPG penetration has improved from over 55% in 2014 to over 99%, leading to an aggressive rollout of clean cooking fuels to replace polluting fuels such as firewood and coal.

“The widespread acceptance of LPG as the preferred cooking fuel of almost every Indian shows the growing popularity of LPG as the primary kitchen fuel compared to other conventional fuels such as firewood,” the statement said.

The IOC stated that LPG is a more economical fuel in the long run, with the cost per kilogram of firewood being cheaper, when costs such as the total amount of fuel and the cost of consumption are actually exposed.

“Even at current rates, LPG is cheaper than firewood / other conventional fuels in many states, largely due to its overall heating efficiency,” it said.

In addition, the use of LPG has significant health benefits. “The financial savings of LPG as a fuel, among other benefits such as improved health and time savings, make it the choice of every Indian,” the statement said.

Under PMUY, 8 crore poor families were given free LPG connections at a cost of Y12,800 crore.

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