Latest news with #non-PMUY
Time of India
24-05-2025
- Business
- Time of India
Oil PSUs absorb ₹40,000 cr loss in FY25 to keep LPG affordable; 96,000 retail outlets operational: Govt
New Delhi: India continues to offer one of the lowest domestic LPG prices globally, with Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries paying ₹553 per 14.2 kg cylinder despite a 58% increase in international prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said. Chairing the Consultative Committee meeting of the Ministry of Petroleum and Natural Gas in Manesar, Haryana, Puri informed that state-run oil marketing companies (OMCs) incurred a combined loss of ₹40,000 crore last year to keep LPG prices affordable. Regular consume₹currently pay ₹853 per cylinder, while PMUY consumers pay ₹553. The per-day cooking cost is approximately ₹6.8 for Ujjwala households and ₹14.7 for non-PMUY consumers. The minister stated that India's LPG coverage rose from 55% in 2014 to nearly 100% today. He said, 'The Government reduced excise duties twice—on November 4, 2021, and May 22, 2022—cutting petrol prices by ₹13/litre and diesel by ₹16/litre. A recent price hike in April 2025 was absorbed by oil companies, shielding consumers from additional burden.' The session, attended by 27 Members of Parliament and Minister of State for Petroleum and Natural Gas Suresh Gopi, reviewed key developments in fuel affordability, LPG distribution, regional infrastructure, and energy resilience. According to the ministry, India now operates over 96,000 fuel retail outlets, 314 oil terminals and depots, and a 24,000 km product pipeline network. These have supported the consistent availability of fuel, including strategic reserves and LPG caverns for emergency requirements. On LPG consumption and distribution, the ministry reported daily deliveries of more than 56 lakh cylinders. Over 25,000 LPG distributors now operate nationwide, 86% of them in rural areas. These efforts have enabled deeper last-mile access and expanded usage. Highlighting the PMUY's impact, the ministry noted that the government subsidizes the ₹1,058 market cost of each LPG cylinder by ₹505 for Ujjwala beneficiaries. The subsidy results in a retail price of ₹553 per cylinder. For regular consumers, the effective cost is ₹853. MPs present in the meeting acknowledged the ministry's focus on balancing consumer interest and market volatility. They also raised issues related to regional disparities in infrastructure, price sensitivity, and energy resilience. The government assured them that their inputs would inform future policy development. The ministry reiterated its commitment to providing affordable, accessible, and resilient energy solutions while protecting consumer interests through fiscal and policy measures.
India Gazette
23-05-2025
- Business
- India Gazette
Union Minister Hardeep Puri chairs consultative committee meeting on petroleum & natural gas
New Delhi [India], May 23 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri chaired the meeting of the Consultative Committee of the Ministry of Petroleum and Natural Gas in Haryana's Manesar on Friday, the Ministry of Petroleum & Natural Gas said in a release. While chairing the Consultative Committee meeting, the Union Minister highlighted India's remarkable progress in energy affordability, access, and infrastructure development. He underscored the government's proactive measures in stabilising fuel prices, expanding LPG coverage, and boosting refining and distribution capacity across the country. Puri reaffirmed the Ministry's commitment to inclusive and consumer-focused energy policies. During the meeting, Minister of State for Petroleum & Natural Gas Suresh Gopi also attended and witnessed robust participation from 27 Members of Parliament. The MPs shared insightful suggestions and feedback on key issues, including fuel affordability, LPG access, regional infrastructure disparities, and energy resilience. The Minister Hardeep Singh Puri elaborated on how under the visionary leadership of Prime Minister Narendra Modi, India was able to successfully navigate geopolitical adversities to ensure affordability and availability of energy for citizens without any shortage. He noted that when fuel prices were skyrocketing worldwide, India was the only country where prices came down. Notably, the Government reduced excise duties twice--on 4 Nov 2021 and 22 May 2022--slashing petrol by Rs 13/litre and diesel by Rs 16/litre. A recent hike in April 2025 was absorbed by Oil Marketing Companies, protecting consumers from an additional burden. Highlighting LPG reforms, the Minister detailed the transformational impact of the Pradhan Mantri Ujjwala Yojana (PMUY). Since its inception, LPG coverage has soared from 55 per cent in 2014 to nearly universal access today. LPG consumption rose significantly, with daily deliveries exceeding 56 lakh cylinders. Over 25,000 LPG distributors now operate across the country, 86 per cent in rural areas, ensuring deep last-mile reach. Shri Hardeep Singh Puri informed that LPG prices in India are among the lowest globally. Despite a steep 58 per cent increase in international LPG prices, PMUY consumers now pay only Rs 553 for a 14.2 kg cylinder. Oil companies incurred a loss of Rs 40,000 crore last year to keep LPG prices affordable. A cylinder costing approximately Rs 1,058 is being provided to PMUY beneficiaries at just Rs 553. For regular consumers, the price is Rs 853. As a result, the per-day cooking cost comes to around Rs 6.8 for PMUY households and Rs 14.7 for non-PMUY users. Union Minister Puri informed that LPG prices in India are among the lowest globally. Despite a steep 58% increase in international LPG prices, PMUY consumers now pay Rs 553 for a 14.2 kg cylinder--39% less than the Rs 903 they paid in July 2023. Oil companies have incurred Rs 40,000 crore loss last year in order to keep LPG prices low. Cylinder of approximately Rs 1058 cost is being sold at Rs 553 to Ujjwala consumers. For regular consumers, the price is Rs 853. The per-day cooking cost is now around Rs 6.8 for PMUY households and Rs 14.7 for non-PMUY users. (ANI)
