Oil PSU companies sign One-Year Deal to import 2.2 million tonnes of LPG
The public sector companies of India have signed a one-year deal to import Liquified Petroleum Gas (LPG) from the United States. Petroleum and Natural Gas Minister Hardeep Singh Puri has stated in a social media post that companies will import around 2.2 million tonnes per annum of LPG, which will be sourced from the US Gulf Coast.
New Delhi: The public sector companies of India have signed a one-year deal to import Liquified Petroleum Gas (LPG) from the United States. Petroleum and Natural Gas Minister Hardeep Singh Puri has stated in a social media post that companies will import around 2.2 million tonnes per annum of LPG, which will be sourced from the US Gulf Coast.
The minister stated that the government has been diversifying its LPG sourcing to provide secure, affordable supplies of LPG to the citizens. According to Mr. Puri, a team of officials from Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited had visited the US and engaged in discussions with major US producers over the last few months.
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The minister said the government of India incurred the cost of over 40 thousand crore rupees last year to ensure that the women of the country did not feel the burden of rising international LPG prices.
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