We are proud to announce the launch of HPCL's poWer 100 at M/ Josh filling station, GMS road, Dehradun. HPCL's power 100 is highest octane and premium fuel.
Experience unmatched engine protection and pure performance today.
#power100#HPCL@HPCL@hpcl_retail
Even when LPG prices soared in the wake of global uncertainty and there was a 63% hike in Saudi CP, PM Sh @narendramodi kept our mothers and sisters insulated against the price rise and ensured they didn’t feel any negative impact.
Our energy sector OMCs suffered heavy losses to make LPG available to the kitchens at nearly half the cost at which it was being sold in the countries in our neighbourhood.
#ModiHaiToMumkinHai
Today, in a big decision taken by the Union Cabinet under the leadership of PM Modi Ji, ₹30,000 crore will be paid in twelve parts to oil companies which have kept the LPG prices stable.
The compensation, which will be divided amongst the three energy sector OMCs, will support the financial health of these companies which ensure availability, affordability and sustainability of energy supply for the citizens of the country in difficult geopolitical times and uncertainties.
In the last 11 years of Modi Government, we have witnessed a major transformation in India’s energy landscape, with special focus on providing access to clean energy to the masses.
By making LPG available at a price lower than cost, the PSU OMCs have suffered under-recoveries to the tune of approx. ₹41,000 crore during FY 24-25. Through this Cabinet proposal, it is proposed to seek approval of the Government for partial reimbursement (i.e. ₹30,000 crore) to the PSU OMCs against the under-recoveries already made by them.
India sells LPG at the cheapest prices in the world despite being an importer. More than 10.33 crore Ujjwala families are able to cook food at just ₹6 per day due to affordable fuel.
About 56 Lakh domestic LPG cylinders are delivered every day and about 6 cr. consumers visit retail outlets every day across the country and to strengthen availability of fuel in rural areas, of the total LPG distributors added during the last decade, around 86% are rural distributors.
The LPG pipe network has also been strengthened. LPG Pipelines of ~3000 kms laid since 2014. While Kandla-Gorakhpur LPG pipeline is the world’s largest LPG pipeline ~2805 KM, and Paradip-Haldia-Motihari of ~1707KM is under construction.
@PMOIndia@PetroleumMin@PIB_India@MIB_India@IndianOilcl@HPCL@BPCLimited