Is BPCL eligible to get LPG produced by ONGC and GAIL?

Is BPCL eligible to get LPG produced?

The Bharat Petroleum Corporation Limited is selling subsidised liquified petroleum gas or LPG even after its privatisation. Now the question arises whether BPCL is eligible to get LPG produced by ONGC and GAIL. There are more than 8.4 crores domestic LPG customers of Bharat Petroleum Corporation Limited. Is BPCL eligible to get LPG produced by ONGC and GAIL?

However, the company does not produce enough LPG at its refineries to meet its customers’ demands nationwide. Therefore, 53% stake and the management control in BPCL are now to be sold by the Government.

 Bharat Petroleum Corporation Limited purchases LPG from state-owned firms and private companies like ONGC, GAIL India and Reliance Industries Limited, like most other oil marketing companies. After the Liquified Petroleum Gas regulation of supply and distribution order, 2020 was passed, private firms were restricted to purchase LPG produced by State-owned firms.

The private firms producing cooking gas are the parallel marketeers. After the 2000 Control Order, the country faced a shortage in LPG production after ONGC and GAIL were restricted from selling LPG to BPCL. But, BPCL was treated as a government company for three years for the 2000 Control Order.

The Ministry of Corporate Affairs and the Ministry of Consumer Affairs issued the LPG control order of 2000 to administer the Essential Commodities Act, 1955.

NEED A LOAN?

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.


Latest News

Menu