In a bid to increase usage of clean fuel for cooking, Indian Oil Corporation (IOC) is reportedly planning to sell subsidised 5-kg LPG cylinders in rural India. In this regard, the company is in the process of setting up infrastructure and working out the logistics. It is planning to set up pipelines at major centres that will connect either LNG terminals or bottling plants and refineries to cut on the cost of transportation and increase the speed of delivery.
The state-owned oil marketing company sells 14-kg cylinders in urban areas at subsidised rates. It has come up with subsidised 5-kg cylinders for families below poverty line that are not sold to any other category at present.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.