.. Lpg Gas Subsidy

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16 Sep 2013

Summary

  • State-run oil marketing firm Hindustan Petroleum Corporation Ltd's (HPCL) plan to set up a second underground liquefied petroleum gas (LPG) storage facility in Mangalore has hit a roadblock thanks to the capping of LPG cylinders in the country.

  • HPCL had this January told Business Standard it planned to invest Rs 700 crore to set up another 60,000-tonne capacity LPG underground storage facility or a LPG cavern at Mangalore with its partner Total SA of France.

  • "When we conceived the idea, we thought with the growing demand for LPG in the country, a new cavern made commercial sense. But after capping of the cylinders, demand for LPG cyl......

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