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Tag: LPG

  • Petrol And LPG Demand Soars In India This October, Reflecting Growing Economic Trends | Economy News

    New Delhi: India’s petrol, aviation turbine fuel, and LPG consumption shot up in October this year compared to the same month last year, reflecting the rising demand for these fuels in a growing economy. 

    Petrol, LPG, And Jet Fuel Show Strong Growth

    While petrol sales have gone up by 7.3 per cent, LPG consumption surged by 7.5 per cent and jet fuel demand increased 2.5 per cent year-on-year during the festive season, according to data released by the public sector oil companies on Friday. However, diesel sales declined by 3.3 per cent as the extended monsoon which led to the delay in the sowing season, impacted demand for the fuel in the farm sector.

    Major Oil Companies Report Higher Petrol Sales

    Petrol sales of Indian Oil, Bharat Petroleum, and Hindustan Petroleum, which account for over 90 per cent of the total market, increased 3.1 million tonnes during October from 2.87 million tonnes in the same month last year. This comes against the backdrop of rising sales of cars, SUVs and two-wheelers in both urban and rural areas of the country.

    Rising Air Travel Drives Jet Fuel Demand

    The increase in air travel, which comes on the back of a surging middle class that is benefiting from higher economic growth, drove up the consumption of jet fuel to 6,47,700 tonnes during October 2024. Domestic airlines flew 1.30 crore passengers in September, which is 6.38 per cent higher compared to the year-ago period, according to the latest data.

    LPG Consumption Continues Upward Trend

    Cooking gas LPG sales were up 7.5 per cent year-on-year at 2.82 million tonnes in October 2024. LPG consumption is now 13.1 per cent higher than in October 2022. 

    Pradhan Mantri Ujjwala Yojana (PMUY) Boosts LPG Usage

    LPG consumption has been on the rise with as many as 10.33 crore deposit-free LPG connections being issued under the Pradhan Mantri Ujjwala Yojana (PMUY) to women from poor households across the country as of August 1, 2024, Minister of State for Petroleum and Natural Gas Suresh Gopi informed the Lok Sabha recently.

    The target to release 8 crore connections was achieved in September 2019. To cover the remaining poor households, the second phase of the scheme Ujjwala 2.0 was launched in August 2021 and by January 2023, 1.60 crore connections had been released. Further, in view of fresh requests, in September 2023, the government approved the release of an additional 75 lakh PMUY connections.

    The public sector oil marketing companies have completed the release of these 75 lakh PMUY connections as of July 8, 2024, the minister said.

    Efforts to Promote LPG and Enhance Safety 

    Besides, other steps have been taken to popularize LPG such as spreading awareness about the advantages of using LPG over other conventional fuels and the safe usage of cooking gas through LPG Panchayats and awareness camps. 

    As a result of these efforts, the per capita consumption for PMUY beneficiaries has improved to 3.95 refills in FY 2023-24, the minister added.

  • LPG Cylinder Rates Hiked From Today, November 1– Check How Much You Need To Pay For LPG In Your City | Economy News

    New Delhi: Oil marketing companies (OMCs) today (November 1 2024) announced hike in the prices of 19 KG commercial LPG gas cylinders by Rs 62 per bottle of cyliner with immediate effect.

    After today’s price hike, the retail sales a 19 kg commercial LPG cylinder would cost Rs 1,802 in Delhi.

    Here Is How Much You Need To Pay For Per Bottle Of 19 Kg Commercial LPG Cylinder From November  1 In Metros




    Metros
    Prices




    Delhi
    Rs 1,802


    Mumbai
    Rs 1,754.50


    Kolkata
    Rs 1,911.50


    Chennai
    Rs 1,964.50

    However, the prices of domestic LPG cylinders will remain unchanged. It is important to note that monthly revisions for both commercial and domestic LPG cylinders typically occur on the first day of each month.

    You can also click Indane official website to check rates of LPG Cylinders in various cities. 

    Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 this year.

     

     

     

  • LPG Insurance Policy: How Much Money Can You Get In Case Of Accident, Death? Documents Required, How To Apply | Personal Finance News

    New Delhi: Oil Marketing Companies (OMCs) take comprehensive Insurance Policy under ‘Public Liability Policy for Oil Industries’ to provide speedy relief to the affected persons in case of LPG related accidents. It covers all LPG consumers registered with OMCs. Public Liability Insurance Policy taken by OMCs covers losses arising out of accidents where LPG is the primary cause of fire and not for cases where the primary cause of fire is other sources/reason wherein LPG cylinders gets engulfed and subsequently burst.

    In case of the unfortunate event of an accident or demise, LPG customers –Bharat Gas, Indane Gas, HP Gas –must know that all registered consumers are covered under an insurance policy.

    All LPG distributors also have Third Party Liability Insurance to cover losses in the event of an LPG accident.


    LPG GAS INSURANCE LIMIT/COVERAGE AMOUNT: Bharat Gas

    The monetary value of coverage under the no fault liability policy is as under:

    Personal accident cover of Rs.6,00,000/- per person per event in case of death
    Covers medical expenses of Rs.30 lakhs per event, maximum Rs.2,00,000/- per person. Immediate relief upto Rs. 25,000/- per person.
    Property damage maximum Rs.2,00,000/- per event at authorised customer’s registered premises.

    It also covers customers who are supplied through reticulated system of LPG (Piped LPG).

    Per year in aggregate: Rs 100 crore

    LPG GAS INSURANCE LIMIT/COVERAGE AMOUNT: HP Gas

    Personal Accident cover for loss of life, bodily injury and property damage at authorized customers registered premises. However the clause of registered customer premises will not apply for FTL customers as the customer are enrolled based only on proof of identity (irrespective of Liability at Law)

    a) Personal accident (Death) : Rs. 6 lakhs per person per event

    b) Medical Expenses : Rs. 30 lakhs per event (maximum Rs. 2 lakh per
    person ,Immediate relief up to Rs. 25,000/- per person)

    c) Property Damage: Maximum Rs. 2 lakh per event at authorized customer’s registered premises.

    d) Per Year: Rs. 20 Crores 

    LPG GAS INSURANCE LIMIT/COVERAGE AMOUNT: Indane Gas

    Personal Accident cover to third parties and LPG customers and property damage at authorized customers are registered premises:

    Personal Accident : Rs.6,00,000 per person per event in case of death
    Medical expenses : Max Rs.2,00,000 per person (Limited to Rs 30,00,000/- per event)
    Property damage : Max. Rs. 200,000/- per event at authorized customers are registered premises.
    Per year in aggregate: Rs. 10 Crore


    Documents Required To Claim LPG Insurance

    As per the OMCs, Consumer is required to submit to the Oil Company the relevant documents 

    a. In case of death – originals of Death Certificate(s) and Post Mortem report(s) /Coroners report/Inquest report, as applicable

    b. in case of injuries – Doctors’ Prescriptions in original supporting the purchase of medicines, original Medical Bills, Discharge Card in original and any other documents related to hospitalization.


    How To Apply To Claim LPG Insurance

    Claims are settled based upon the merit of each case. The concerned Insurance Company takes decision regarding settlement of the claim as per the provisions of Insurance Policies. Customers are not required to apply to Insurance Company or to contact them directly.

  • LPG Cylinder Rates Hiked From Today, August 1– Check How Much You Need To Pay For LPG In Your City | Economy News

    New Delhi: Oil marketing companies (OMCs) today (August 1 2024) announced hike in the prices of 19 KG commercial LPG gas cylinders by Rs 6.50 per bottle of cyliner with immediate effect.

    After today’s price hike, the retail sales a 19 kg commercial LPG cylinder would cost Rs 1652.50 in Delhi. The price hike comes after two consequtive reductions, as OMCs had slashed the price of 19 Kg Commercial LPG Cylinder last two months.

    In July, OMCs had announced reduction in the prices of 19 KG commercial LPG gas cylinders by Rs 30.

    Here Is How Much You Need To Pay For Per Bottle Of 19 Kg Commercial LPG Cylinder From August 1 In Metros




    Metros
    Prices




    Delhi
    Rs 1,652.50


    Mumbai
    Rs 1,605


    Kolkata
    Rs 1,764.50


    Chennai
    Rs 1,817

    However, the prices of domestic LPG cylinders will remain unchanged. It is important to note that monthly revisions for both commercial and domestic LPG cylinders typically occur on the first day of each month.

    You can also click Indane official website to check rates of LPG Cylinders in various cities. 

    Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 this year.

     

     

     

  • 19 Kg Commercial LPG Cylinder Rates Slashed By Rs 19 From Today May 1, Check How Much You Need To Pay Now | Economy News

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  • PMUY: Few takers for five kg LPG cylinders in Assam

    Specific Information Carrier

    GUWAHATI: The Indian Oil Company Restricted has simply a couple of takers for its “take house two 5 kg cylinders in change for 14.2 kg metal cylinder” be offering below the Pradhan Mantri Ujjwala Yojana (PMUY).

    The IndianOil’s Assam Oil Department (AOD) made the be offering after gazing that a lot of shoppers below the PMUY weren’t refilling their cylinders because of quite a lot of causes together with non-affordability and the choice of cooking the usage of firewood.

    The fill up value of five kg cylinders is proportionate to the 14.2 kg purple cylinder. Up to now three hundred and sixty five days, the Indian Oil Company controlled to push only one lakh 5 kg cylinders.

    Assam has 44.14 lakh PMUY beneficiaries and an estimated 25% of them didn’t opt for fill up. 

    G Ramesh, Government Director and head of IndianOil’s AOD, mentioned the federal government had presented the 5 kg cylinders after gazing the difficulties a piece of PMUY beneficiaries had been going through with fill up.

    “We presented the 5 kg cylinders as we idea that may be a less expensive choice,” he mentioned.

    Saurav Chaliha, who’s IndianOil’s Normal Supervisor (HR-CSR), mentioned folks in rural Assam generally tend to depend extra on firewood than LPG for cooking.  

    Raj Jyoti Das, who’s IndianOil’s Deputy Normal Supervisor (LPG Gross sales), mentioned the reaction to composite cylinders used to be now not just right.

    “The comments now we have gained from the bottom is that many such PMUY beneficiaries argue why they must take two small cylinders in change for a larger one,” Das mentioned. 

    The IndianOil has introduced a ten kg see-through cylinder which is roofed with a composite layer of polymer-wrapped fibreglass and fitted with an HDPE outer jacket. It prices Rs 821.

    ‘Chhotu’, a mini cooking gasoline cylinder of five kg, has been additionally introduced particularly for catering to migrant populations in city and semi-urban spaces who do not need native cope with evidence, folks with decrease gasoline intake and business institutions with restricted house.

    An choice for the suffering PMUY beneficiaries may well be “Munna”, a 2 kg cylinder, which can be introduced quickly. A cylinder will value Rs 247.

    GUWAHATI: The Indian Oil Company Restricted has simply a couple of takers for its “take house two 5 kg cylinders in change for 14.2 kg metal cylinder” be offering below the Pradhan Mantri Ujjwala Yojana (PMUY).

    The IndianOil’s Assam Oil Department (AOD) made the be offering after gazing that a lot of shoppers below the PMUY weren’t refilling their cylinders because of quite a lot of causes together with non-affordability and the choice of cooking the usage of firewood.

    The fill up value of five kg cylinders is proportionate to the 14.2 kg purple cylinder. Up to now three hundred and sixty five days, the Indian Oil Company controlled to push only one lakh 5 kg cylinders.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    Assam has 44.14 lakh PMUY beneficiaries and an estimated 25% of them didn’t opt for fill up. 

    G Ramesh, Government Director and head of IndianOil’s AOD, mentioned the federal government had presented the 5 kg cylinders after gazing the difficulties a piece of PMUY beneficiaries had been going through with fill up.

    “We presented the 5 kg cylinders as we idea that may be a less expensive choice,” he mentioned.

    Saurav Chaliha, who’s IndianOil’s Normal Supervisor (HR-CSR), mentioned folks in rural Assam generally tend to depend extra on firewood than LPG for cooking.  

    Raj Jyoti Das, who’s IndianOil’s Deputy Normal Supervisor (LPG Gross sales), mentioned the reaction to composite cylinders used to be now not just right.

    “The comments now we have gained from the bottom is that many such PMUY beneficiaries argue why they must take two small cylinders in change for a larger one,” Das mentioned. 

    The IndianOil has introduced a ten kg see-through cylinder which is roofed with a composite layer of polymer-wrapped fibreglass and fitted with an HDPE outer jacket. It prices Rs 821.

    ‘Chhotu’, a mini cooking gasoline cylinder of five kg, has been additionally introduced particularly for catering to migrant populations in city and semi-urban spaces who do not need native cope with evidence, folks with decrease gasoline intake and business institutions with restricted house.

    An choice for the suffering PMUY beneficiaries may well be “Munna”, a 2 kg cylinder, which can be introduced quickly. A cylinder will value Rs 247.

  • Home LPG cylinder worth hiked through Rs 50 in keeping with unit

    Via Businesses

    NEW DELHI: Petroleum and oil advertising corporations raised the cost of business liquid petroleum gasoline (LPG) cylinders through Rs 350.50 in keeping with unit and home LPG cylinders through Rs 50 in keeping with unit with instant impact from Wednesday.

    Non-subsidised LPG worth was once hiked to Rs 1,103 in keeping with 14.2-kg cylinder – the primary building up since July 2022, an oil corporate worth notification stated.

    As in keeping with the revised charges, business LPG cylinders will now price Rs 2,119.50 in keeping with unit in Delhi and worth of home LPG cylinders shall be Rs 1,103 in keeping with unit, within the nationwide capital.

    That is the second one hike in business LPG cylinder costs this yr. Previous, on January 1, business cylinder costs had been higher through Rs 25 in keeping with unit. 

    One at a time, the ATF worth was once minimize through Rs 4,606.50 in keeping with kilolitre to Rs 1,07,750.27 in keeping with kl.

    (With inputs from PTI, ANI)

    NEW DELHI: Petroleum and oil advertising corporations raised the cost of business liquid petroleum gasoline (LPG) cylinders through Rs 350.50 in keeping with unit and home LPG cylinders through Rs 50 in keeping with unit with instant impact from Wednesday.

    Non-subsidised LPG worth was once hiked to Rs 1,103 in keeping with 14.2-kg cylinder – the primary building up since July 2022, an oil corporate worth notification stated.

    As in keeping with the revised charges, business LPG cylinders will now price Rs 2,119.50 in keeping with unit in Delhi and worth of home LPG cylinders shall be Rs 1,103 in keeping with unit, within the nationwide capital.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    That is the second one hike in business LPG cylinder costs this yr. Previous, on January 1, business cylinder costs had been higher through Rs 25 in keeping with unit. 

    One at a time, the ATF worth was once minimize through Rs 4,606.50 in keeping with kilolitre to Rs 1,07,750.27 in keeping with kl.

    (With inputs from PTI, ANI)

  • ‘Tsunami of unemployment’: Rahul Gandhi slams PM Modi over loss of jobs, emerging gas costs

    Through PTI

    NEW DELHI: Taking a dig at High Minister Narendra Modi, Congress chief Rahul Gandhi on Saturday stated folks are actually telling the high minister that the stumbling blocks “created by means of him” such because the LPG value hikes, gas costs breaking all information, the “Gabbar Tax loot” and the “tsunami of unemployment” have exhausted them and he should prevent now.

    Gandhi’s dig came around Modi’s contemporary remarks at a big public assembly in Andhra Pradesh’s Bhimavaram after he unveiled a 30-foot bronze statue of mythical freedom fighter Alluri Sitarama Raju on his one hundred and twenty fifth beginning anniversary.

    Recalling Alluri’s struggle cry to the British, “Dum hai to mujhe rok lo” (prevent me when you’ve got the center), the high minister had stated the folks of the rustic are actually the usage of a an identical slogan, “Dum hai to humein rok lo”, as they’re bravely confronting many demanding situations and difficulties.

    “The high minister stated — 133 crore Indians are telling each impediment, ‘when you’ve got guts, then prevent us’,” Gandhi stated in a tweet in Hindi.

    Below the Bharatiya Janata Birthday party’s (BJP) rule, the costs of home LPG cylinders went up by means of 157 consistent with cent, gas costs broke all information and the “Gabbar Tax loot” and a “tsunami of unemployment” hit the rustic, he alleged.

    “If truth be told, the general public is telling the high minister — those stumbling blocks created by means of you will have exhausted us, now prevent,” the previous Congress leader stated.

  • Energy cuts and prime LPG costs cripple day-to-day lifetime of Sri Lankan households

    Amid the commercial disaster ravaging Sri Lanka, India Nowadays reached out to a neighborhood Sri Lankan circle of relatives to know their plight on a daily foundation. Because the staff reached the place of abode of Udhaya Sushantha (39) and Dilini Wasana (33), there was once an influence reduce, one that the federal government enforces for with regards to three-and-half-hours on a regular basis.

    The rise in worth and absence of LPG has ended in folks totally turning into depending on energy, however unscheduled energy cuts have left households suffering to position meals at the desk.

    Dilini, a central authority college trainer stated, “On a regular basis chores have change into a fight.”

    Dilini, who must go back and forth 11 to twelve km to succeed in her college, says, “Within the morning, I wish to get up through 3am or 4am and cook dinner meals for my kid. After which, getting a taxi is a job. On account of the gasoline scarcity, no person desires to power some distance. For a taxi additionally, I wish to spend 1500 LKR(Lankan rupee) in line with day, and that’s too prime in comparison to my wage.”

    Udhaya, who completed his publish commencement in control, was once working a development corporate. However in January, the commercial disaster and the rise within the costs of development fabrics compelled him to near his company and sign up for the tourism trade.

    “The fabric price of a bag of cement was once 800 to 1000 LKR previous, now it’s greater than 3000 LKR. Although the costs of the fabrics have long past prime, folks don’t seem to be able to pay upper costs for development and that ended in losses,” stated Udhaya.

    As Dilini prepares meals for her two-year-old kid, she hopes that the facility will probably be again quickly. However, she was once in for unhappiness when, even after her lengthy wait, the facility was once now not again.

    “There is not any energy and we don’t seem to be in a position to cook dinner rice within the rice cooker. LPG gasoline may be very tough to get. So, we need to save that up to imaginable. It’s not that i am in a position to make rice for my kid,” says Dilini.

    Two-year-old Umara began crying as she started to get hungry. Unfortunately, with out a energy and no meals cooked, Dilini has just a cup of yoghurt to feed her child.

  • Rajya Sabha witnesses two adjournments over gas worth hike

    Via PTI

    NEW DELHI: The Rajya Sabha complaints within the pre-lunch consultation had been washed out on Tuesday as opposition events, together with the Congress and the TMC, pressured two adjournments over a hike within the costs of petrol, diesel and LPG cylinders.

    Opposition MPs trooped into the smartly of the Area shouting slogans, no longer permitting the indexed pieces to be taken up. The complaints had been first adjourned until 12 midday after which until 2 pm.

    The petrol and diesel costs had been hiked via 80 paise a litre on Tuesday, whilst the home cooking gasoline (LPG) charges had been larger via Rs 50 in keeping with cylinder because the state-run oil companies ended the over-a-four-and-a-half-month-long election-related hiatus in price revision, fanning inflation fears.

    This was once the primary pressured adjournment because of disruptions after 12 consecutive complete sittings of the Rajya Sabha.

    All 8 sittings of the primary a part of the Finances consultation of Parliament and the primary 4 sittings of the continuing 2nd section had been with none pressured adjournments.

    The former document of 13 complete sittings of the Area with out pressured adjournments was once set within the Monsoon consultation in 2019.

    The Rajya Sabha ignored the potential of surroundings a brand new document after 3 years on Tuesday, a senior professional stated.

    The disruption-free run was once interrupted when the Area was once adjourned via Chairman M Venkaiah Naidu throughout the 0 Hour as Trinamool Congress (TMC) individuals insisted that their realize on worth upward push beneath Rule 267 be admitted.

    No quicker had the indexed papers had been laid at the desk of the Area, Opposition MPs had been on their toes, elevating the problem of worth upward push.

    Naidu stated he had no longer authorised the notices given via Shaktisinh Gohil (Congress), Dola Sen (TMC), V Sivadasan, Elamaram Kareem and John Brittas (CPI-M) beneath Rule 267, requiring surroundings apart of the indexed time table to absorb a dialogue. He stated the problem may also be mentioned throughout calls for for grants of the ministries involved.

    Now not glad, the TMC individuals stormed into the smartly of the Area sporting placards.

    The Congress, Left, Samajwadi Birthday party and Shiv Sena individuals had been additionally on their toes, a few of them shouting slogans.

    Amid the slogan-shouting, Naidu requested the protesting MPs to go back to their seats. He ordered that not anything that the protesting MPs stated would cross at the document. With the opposition MPs unrelenting, the chairman stated this may increasingly result in the foregoing of the 0-Hour submissions of nineteen individuals.

    “Names of the folk, whoever is sporting placards, their names are to be famous and installed bulletin,” he stated, prior to adjourning the complaints until 12 midday.

    Identical scenes had been witnessed when the Area met after the adjournment, with some Congress MPs becoming a member of the TMC individuals within the smartly. Different opposition MPs, together with the ones from the Left events, stood within the aisles.

    Deputy Chairman Harivansh known as for the Query Hour to be taken up and requested the opposition events to not disrupt the complaints.

    The opposition individuals saved shouting slogans, drowning the voice of Minister of State for Chemical substances and Fertiliser Bhagwanth Khuba, who was once replying to the primary indexed query.

    Harivansh requested TMC chief Derek O’Brien to name his birthday celebration colleagues again to their seats and make allowance the Query Hour to continue, announcing treasured nationwide assets were spent.

    Because the opposition individuals endured with their vociferous protest, he then adjourned the complaints until 2 pm. The Area resumed commonplace functioning within the post-lunch consultation.