2.28 million transactions recorded under direct transfer scheme for LPG

Our Bureau Updated - November 22, 2017 at 06:25 PM.

Within six weeks of the launch of the Direct Benefit Transfer for LPG (DBTL), 2.28 million transactions have been recorded for 1.25 million domestic LPG connections, accounting to Rs 91 crore.

“We have identified some challenges such as co-ordination between the oil marketing companies and banks. We are hopeful that we will be able to adhere to the three months’ grace period to achieve them,” Oil Minister M. Veerappa Moily said.

“We will discuss extension of the scheme with the Union Cabinet by August 9. We will discuss what is doable and propose how many new districts can be covered,” Moily said.

Currently, DBTL has been rolled out for 72 lakh consumers across 600 LPG distributors in 19 districts.

After blocking 65 lakh customers during the KYC exercise, the LPG subsidy has been cut by Rs 2,000 crore, he said.

The Government aims to save Rs 8,000-9,000 crore on LPG subsidy once the DBTL scheme is rolled out across the country.

On allocation of gas

The EGoM will meet tomorrow; on the agenda is re-prioritising the allocation of gas.

Published on July 16, 2013 10:48