OMCs to invest nearly Rs 30,000 cr in LPG infrastructure in next 3 years

Country to have 95 per cent LPG penetration by 2020

On the back of the Pradhan Mantri Ujjwala Yojana's (PMUY's) success, oil marketing companies (OMCs) like Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation are set to jointly add Rs 25,000-30,000 crore to expand their liquefied petroleum gas (LPG) infrastructure in the next three years. The investment push is aimed at achieving 95 per cent LPG penetration in the country by 2020.

Currently, India is the second largest LPG consumer in the world with the Narendra Modi government adding 60 million connections in the past two years. In 2016-17 only, the country added 20 million connections under