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Gas Cylinder News: The central government plans to replace the cooking gas cylinders with region-wise piped natural gas i.e. PNG in the coming times. This will be a step that can benefit the government in many ways.
What is the government’s move
The government has asked the veterans of the PNG industry to identify such places where a date (sunset timeline) can be fixed for the last use of LPG (Liquid Petroleum Gas). Through this, it has been asked to prepare a blueprint so that adequate gas supply can be delivered through PNG network in many areas. A person with knowledge of the matter has given this information.
How it will benefit the government
The central government is spending Rs 6,100 crore on Liquefied Petroleum Gas (LPG) customers as a welfare subsidy through the Pradhan Mantri Ujjwala Yojana (PMUY). Apart from this, the government has to make arrangements of about Rs 22,000 crore to save three government oil market companies from loss as they could not increase the domestic gas prices even on the basis of international prices in the last financial year.
Why did the government take this step
The central government wants to increase the spread of PNG and this step is also being taken because the demand for PNG had decreased significantly last year. PNG prices are completely based on market prices. Although the prices of LPG are also increasing continuously, but they are being subsidized because it is generally being used by the economically weaker sections.
What is the long term plan of the government
Apart from this, another knowledgeable person told that the government has asked the oil and gas companies to gradually withdraw from the use of LPG, so that the gas can be used only through the piped network. OMCs and other Oil & Gas companies have been asked to provide LPG through PNG only in cities for domestic gas consumption. If this experiment is successful, then later it can be implemented in many parts of the country.
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