[News Report] LPG Subsidy To BPCL Consumers Will Continue Even After Privatization

[News Report] LPG Subsidy To BPCL Consumers Will Continue Even After Privatization, Big statement given by the government regarding LPG subsidy, 7 crore customers will get relief, The government is to sell its stake in Bharat Petroleum Corporation Limited. At present, BPCL is questioning the subsidy in the minds of more than 70 million consumers using LPG. Explaining this to Petroleum Minister Dharmendra Pradhan, he said that every consumer will continue to get subsidy.

[News Report] LPG Subsidy To BPCL Consumers Will Continue Even After Privatization

Gas subsidy will continue to be available, Petroleum Minister Dharmendra Pradhan has said that even after the privatization of BPCL, it will subsidize every cooking gas consumer . Dharmendra Pradhan said on LPG subsidy will be given directly to any company other customers. This will not affect the subsidy rights of the company selling LPG. 

12 cooking gas cylinders, Each connection to the government each year a maximum of 12 cooking gas cylinders at (14.2 kg) Subsidy offer prices. The subsidy is credited directly to the customer's account. 

These also get subsidy, Customers buy LPG from the dealer at market price and then the subsidy comes into their account. The government subsidizes the customers of oil companies Indian Oil Corporation, BPCL and Hindustan Petroleum Corporation Limited. 

The government is selling the entire stake, The government is selling its entire 53 per cent stake in BPCL with management control . The new owner of the company will get 15.33 per cent of India's oil refining capacity and 22 per cent of the fuel market. Out of the total 285 million LPG customers in the country, 73 million customers belong to BPCL.

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What will happen to customers, Will BPCL's customers switch to IOC and HPCL after a while? In reply to a question, he said that there is no such proposal at present. If we subsidize the customer's account , the companies will not get the right.