BUSINESS
LPG eKYC: Big news for LPG customers! Failure to complete e-KYC will result in financial loss. Learn the new rules
Important news has emerged for domestic LPG consumers across the country. Domestic gas connection holders are required to complete the e-KYC process. Otherwise, consumers will lose their subsidy in the future and may be forced to purchase LPG cylinders at market prices. This is likely to increase the price of domestic gas.
According to reports, oil companies Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum have issued guidelines to gas agencies in this regard. It is being said that arrangements will be made to provide 5 kg and 10 kg cylinder options for consumers who have not completed e-KYC. These cylinders may be provided at commercial market rates.
Two-rate system again after ten years?
It is reported that after nearly ten years, preparations are underway to implement a dual pricing system for domestic LPG cylinders. Under this system, eligible consumers who have completed e-KYC will receive subsidized benefits, while those who have not completed e-KYC may be required to purchase cylinders at market prices.
Two different rates for LPG cylinders
: According to the current system, the price of a domestic LPG cylinder is ₹952, which includes a ₹12 subsidy. Under the proposed dual-rate system, customers who have not completed e-KYC are expected to receive cylinders at market prices. It has been reported that market-priced rules will also apply to customers under the Ujjwala scheme.
However, the official date for this system's implementation hasn't been announced yet. Therefore, it's important for customers to complete the e-KYC process in a timely manner and check the status of their LPG connection.
PC: The print
