One-year deal to import 2.2 Million Tonnes of LPG from the US has been signed by India

One-year deal to import 2.2 Million Tonnes of LPG from the US has been signed by India.

•             A one-year agreement to import about 2.2 million tonnes of LPG annually from suppliers on the US Gulf Coast have been finalized by India’s state-run fuel companies.

•             Petroleum Minister Hardeep Singh Puri said the deal supports India’s strategy of widening its LPG supply base.

•             The goal is to maintain reliable and cost-effective access for households.

•             A delegation from Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited recently visited the United States.

•             They discussed with major producers before signing the arrangement.

•             Puri said that despite international LPG rates rising more than 60 percent last year, Ujjwala beneficiaries continued paying only 500–550 rupees per cylinder.

•             The central government incurred more than 40,000 crore rupees in expenses last year to ensure that women do not face the burden of rising international prices.