LPG Cylinder Price: If you hold a domestic LPG connection and have not yet completed the e-KYC process, you may soon find yourself receiving non-subsidized cylinders. Oil companies are preparing to implement a new system for verifying LPG connections. Under this system, consumers could be charged different prices for LPG cylinders based on their e-KYC status.
According to guidelines issued to gas agencies by Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum, consumers who fail to complete their e-KYC might be offered the option of 5 kg and 10 kg LPG cylinders. These cylinders would be priced at market rates.
Preparations for a Dual-Pricing System After 10 Years
Plans are underway to reintroduce a dual-pricing system for domestic LPG after nearly a decade. Under the proposed system, eligible consumers who complete their e-KYC could receive the benefit of a subsidy, whereas those who do not complete the process might have to purchase LPG cylinders at market price.
However, a final date for implementing this system has not yet been announced. Oil companies are expected to release the date and detailed regulations soon.
Domestic LPG Cylinders May Have Two Price Points
Once the new system is implemented, two distinct price points could be set for domestic LPG cylinders. The current price is reported to be around ₹952, which includes a subsidy of ₹12.
Under the proposed system, consumers who do not complete their e-KYC could be supplied with non-subsidized cylinders at market rates. There is also talk of applying a market-linked pricing system to beneficiaries of the Ujjwala Yojana. Consequently, completing the e-KYC process could become crucial for consumers.
