+
PMUY Benefits 100.33 Mn and LPG Sales Rise 5.5% in H1 FY25 PPAC
OIL & GAS

PMUY Benefits 100.33 Mn and LPG Sales Rise 5.5% in H1 FY25 PPAC

The Pradhan Mantri Ujjwala Yojana (PMUY) has provided LPG connections to 100.33 million beneficiaries since its launch in May 2016, with the eastern region accounting for 32.4 per cent of the total connections as of October 1, 2024, according to a report by the Petroleum Planning and Analysis Cell (PPAC). The northern region accounted for 29.7 per cent, the western region for 21.5 per cent, and the southern and northeastern regions for 10.5 per cent and 6.0 per cent, respectively.

Public sector oil marketing companies (PSU OMCs) reported a year-on-year growth of 5.5 per cent in LPG sales during the first half (H1) of FY 2024-25, selling 14.9 million metric tonnes (MMT). The northern region led with the highest consumption at 31 per cent, followed by the southern region at 27 per cent, the western region at 22 per cent, the eastern region at 17 per cent, and the northeastern region at 3 per cent.

Domestic packed LPG made up 89 per cent of the consumption, while the non-domestic, bulk, and auto LPG segments contributed 8.7 per cent, 2.2 per cent, and 0.3 per cent, respectively. During H1 FY 2024-25, PSU OMCs enrolled 21.9 lakh new domestic customers and added 36 new distributorships. As of October 1, 2024, PSU OMCs operated 211 LPG bottling plants across India, with a rated capacity of 22.9 MMT per annum and a tankage capacity equivalent to 16 days of consumption. Auto LPG sales during this period amounted to 37.5 TMT, with 83.3 per cent of the sales occurring in the southern region.

Regarding crude price trends, PPAC reported fluctuations in crude oil prices due to global demand concerns and geopolitical tensions. In September, Brent crude prices fell to a low of $70 per barrel because of subdued demand in the U.S. and China, but they recovered to $80 per barrel in October amid tensions in the Middle East. Prices later stabilized between $73 and $76 per barrel.

The average price of Brent crude for April-September 2024 was $82.60 per barrel, slightly lower than the $83.15 per barrel recorded in FY 2023-24. Similarly, the Indian basket of crude oil averaged $81.92 per barrel compared to $82.58 per barrel in the previous fiscal year.

In terms of revenue contributions, PPAC noted that the petroleum sector contributed Rs 1.83 trillion to the central exchequer during H1 FY 2024-25 through taxes, corporate income tax, dividends, and royalties. State exchequers received Rs 1.56 trillion during the same period. In FY 2023-24, the sector had contributed Rs 4.32 trillion to the central exchequer and Rs 3.19 trillion to state exchequers, highlighting its significant role in revenue generation for the government.

The Pradhan Mantri Ujjwala Yojana (PMUY) has provided LPG connections to 100.33 million beneficiaries since its launch in May 2016, with the eastern region accounting for 32.4 per cent of the total connections as of October 1, 2024, according to a report by the Petroleum Planning and Analysis Cell (PPAC). The northern region accounted for 29.7 per cent, the western region for 21.5 per cent, and the southern and northeastern regions for 10.5 per cent and 6.0 per cent, respectively. Public sector oil marketing companies (PSU OMCs) reported a year-on-year growth of 5.5 per cent in LPG sales during the first half (H1) of FY 2024-25, selling 14.9 million metric tonnes (MMT). The northern region led with the highest consumption at 31 per cent, followed by the southern region at 27 per cent, the western region at 22 per cent, the eastern region at 17 per cent, and the northeastern region at 3 per cent. Domestic packed LPG made up 89 per cent of the consumption, while the non-domestic, bulk, and auto LPG segments contributed 8.7 per cent, 2.2 per cent, and 0.3 per cent, respectively. During H1 FY 2024-25, PSU OMCs enrolled 21.9 lakh new domestic customers and added 36 new distributorships. As of October 1, 2024, PSU OMCs operated 211 LPG bottling plants across India, with a rated capacity of 22.9 MMT per annum and a tankage capacity equivalent to 16 days of consumption. Auto LPG sales during this period amounted to 37.5 TMT, with 83.3 per cent of the sales occurring in the southern region. Regarding crude price trends, PPAC reported fluctuations in crude oil prices due to global demand concerns and geopolitical tensions. In September, Brent crude prices fell to a low of $70 per barrel because of subdued demand in the U.S. and China, but they recovered to $80 per barrel in October amid tensions in the Middle East. Prices later stabilized between $73 and $76 per barrel. The average price of Brent crude for April-September 2024 was $82.60 per barrel, slightly lower than the $83.15 per barrel recorded in FY 2023-24. Similarly, the Indian basket of crude oil averaged $81.92 per barrel compared to $82.58 per barrel in the previous fiscal year. In terms of revenue contributions, PPAC noted that the petroleum sector contributed Rs 1.83 trillion to the central exchequer during H1 FY 2024-25 through taxes, corporate income tax, dividends, and royalties. State exchequers received Rs 1.56 trillion during the same period. In FY 2023-24, the sector had contributed Rs 4.32 trillion to the central exchequer and Rs 3.19 trillion to state exchequers, highlighting its significant role in revenue generation for the government.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?