LPG subsidy to continue for all consumers

Image
Press Trust of India Kolkata
Last Updated : Nov 01 2013 | 3:20 PM IST
All household LPG consumers will continue to receive subsidy even if not linked to the Adhaar card, a top oil company official said here today.
"All consumers irrespective whether seeded with Adhaar card or not will continue to get LPG subsidy," Oil Corporation executive director Andrajit Bose told PTI here.
He said that apprehension that subsidy for those not having the card would be discontinued from today was not true.
However, the current system of subsidised LPG cylinders for non-Adhaar linked consumers would be valid only for the next three months, he said.
Indian Oil was the co-ordinator for all oil PSUs in West Bengal. Therefore, there was no reason for apprehension for HP Gas and BP Gas consumers also, he said.
An advertisement by the Ministry of Petroleum and Natural Gas in the day's dailies on linking LPG subsidy to Adhar card for Kolkata, Howrah and Coochbehar districts with immediate effect, created panic among LPG consumers here.
West Bengal Chief Minister expressed shock and pointed out that only between 15 to 20 per cent of consumers had received Adhaar cards so far.
The IOC official said that customers who had already linked or seeded their card number with the LPG distributor and banks for cash transfer, would be mandatorily migrated to the new system.
In other words, linked consumers would buy cylinders at the market rate and the subsidy would be transfered to their bank accounts directly.
Moreover, government would transfer an average subsidy for LPG in advance to the bank account when the consumer booked it for the first time in the new system.
Customers would continue to get subsidies at the time of delivery for nine cylinders in a year.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 01 2013 | 3:20 PM IST

Next Story