India Now Second Largest Consumer of LPG Globally

What to know?

• India is now the second largest consumer of liquified petroleum gas (LPG) in the world after china.
• The number of active LPG consumers has grown from 14.8 crore in 2014-15 to 22.4 crore in 2017-18, registering a compounded annual growth rate (CAGR) of 15 percent, .
• This substantial growth in LPG consumption has been attributed to the successful implementation of NDA government’s Pradhan Mantri Ujjwala Yojana (PMUY).
• Under the scheme, cooking gas (LPG) connections were given to poor free of cost. Approximately, over 6.31 crore new connections have been added since PM Modi launched it in May 2016.
• An average growth of 8.4 per cent in LPG consumption making India the second largest consumer of LPG in the world at 22.5 million tones.
• LPG consumption is expected to grow to 30.3 million tonnes by 2025 and 40.6 million tonnes by 2040.

(economics)(Economic times)

Pic courtesy:ETenergyworld