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The first Indane LPG connection was released on 22 October 1965 at Kolkata. Indane serves more than 130 million families through a network of 12,500 distributors. 27% of its customers reside in semi-urban or rural markets and every second LPG cooking gas connection in India is that of Indane. The sales network is backed by 47 Indane area offices.
Through the scheme, the Indian government provides a subsidy of INR1,600 to state-owned fuel retailers for every free LPG connection they provide to rural households. The subsidy aims to cover the security fee and fitting charges of the gas cylinder. [9] The beneficiary of the subsidy must then purchase their cooking stove.
[20] [21] Gross gas cylinder consumption increased to 3.71 in 2022-23 and 3.8 in 2023-24. [22] The government has increased the subsidy for poor women under the Ujjwala scheme to Rs. 300 per cylinder for the next financial year. The subsidy of Rs. 300 per cylinder was applicable for the current financial year, ending on March 31.
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
In 2016, the number of domestic connections was 215 million (i.e., one connection for every six people) with a circulation of more than 350 million LPG cylinders. [20] Most of the LPG requirement is imported. Piped city gas supply in India is not yet developed on a major scale. LPG is subsidised by the Indian government for domestic users.
Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi. [5]
The number of domestic connections are 274 million (one connection for five people) with a circulation of more than 40 crore (400 million) LPG cylinders whose net aggregate length would form a 2,00,000 km long pipe line which is more than the length of total railway track laid in India. [21] India is second largest consumer of LPG globally. [22]