The central government may soon allow private companies to sell subsidised liquefied petroleum gas (LPG) in India, a move which could potentially break the monopoly of the state-owned oil marketing companies in the domestic cooking gas segment.
According to a media report, the Ministry of Petroleum and Natural Gas has set up a five-member committee to review the existing framework of LPG marketing in India and identify the grey areas that might allow private entities like Reliance Industries to sell subsidised cooking gas.
The expert panel was constituted on May 30, which includes economist Kirit Parikh, former petroleum secretary GC Chaturvedi, ex Indian Oil chairman MA Pathan, IIM Ahmedabad director Errol D’souza, and a joint secretary in the petroleum ministry. Read More
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