Photo:BloombergNew Delhi: Reliance Industries Ltd (RIL), operator of the world’s biggest oil-refining complex, has forayed into cooking gas retailing, launching a 4-kg LPG cylinder on pilot basis. “Four-kg LPG cylinder launched in 4 districts on pilot basis,” RIL said in an investor presentation on second-quarter earnings. While RIL did not disclose the price at which it is marketing the 4-kg cylinder, a 5-kg subsidized domestic LPG cylinder costs Rs58.50 in Delhi. A 5-kg cylinder for domestic use is priced at Rs181 while it costs Rs252.50 for non-domestic use. The LPG Control Order mandates that all cooking gas (LPG) produced locally must be supplied to state-run fuel retailing companies as India is deficient in LPG and has to import a part of the requirement.

Source: Mint October 23, 2016 08:26 UTC