Oil cos to invest Rs 30k cr in LPG infra

In the next three years, state owned oil companies will invest between Rs 25,000-30,000 crore to expand their liquefied petroleum gas (LPG) infrastructure.

The investment push is aimed at achieving 95 per cent LPG penetration in the country by 2020 and this is being done thanks to the success of Pradhan Mantri Ujjwala Yojana’s (PMUY).

Speaking to reporters, petroleum minister Dharmendra Pradhan, said, “Now, we are planning to infuse another Rs 25,000-30,000 crore in LPG infrastructure, including setting up of new bottling plants.”

He added: “By 2020, we expect LPG penetration in the country to be about 95 per cent from the current level of 72 per cent. We expect a saturation in growth by 2020.”

Image credit: equitypandit.com

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