Oil companies resort to premium cooking
Plan to sell premium cooking gas for the elite who do not wants to have crude LPG cylinders in their state of the art kitchen.
By TNN |
Oil companies incurring huge losses for selling cooking gas below the cost have found an innovative way to cut their losses.
They plan to sell premium cooking gas for the elite who do not wants to have crude LPG cylinders in their state of the art kitchen.
They are even willing to pay over Rs 200 per cylinder extra (equivalent to current subsidy on a LPG cylinder) to buy composite cylinders.
The government has approved oilcos��� plan to market premium cylinders for domestic use, provided there would be no subsidy element in the product.
To start with, Indian Oil Corporation (IOC) along with Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) intend to import some cylinders and do test marketing in selected cities.
OMCs have reported that necessary approval of CCOE has been obtained for use of composite cylinders for LPG.
They plan to sell premium cooking gas for the elite who do not wants to have crude LPG cylinders in their state of the art kitchen.
They are even willing to pay over Rs 200 per cylinder extra (equivalent to current subsidy on a LPG cylinder) to buy composite cylinders.
The government has approved oilcos��� plan to market premium cylinders for domestic use, provided there would be no subsidy element in the product.
To start with, Indian Oil Corporation (IOC) along with Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) intend to import some cylinders and do test marketing in selected cities.
OMCs have reported that necessary approval of CCOE has been obtained for use of composite cylinders for LPG.
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