IOC ties up additional LPG imports; money transferred to beneficiaries for free LPG

State run-Indian Oil Corporation has tied up to import additional cooking gas, about 50% over the normal imports, for April-May to ensure uninterrupted supply during the Covid-19 crisis, the company said late Thursday.

India is the world’s second largest importer of cooking gas, Liquified Petroleum Gas (LPG) and sources almost half of its needs from global suppliers, especially in the Middle East. IOC has already undertaken steps to ramp up LPG output in its major refineries by optimising operations, improving LPG yield, and its bottling plants are working extended hours to meet the growing demand. The increased import will ensure availability of bulk LPG for its bottling plants.