Indian Oil, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation together are yet to recover ₹3,000-4,000 crore from Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries, according to official estimates.
It is expected that these public sector oil-marketing companies (OMCs) will have to adjust this amount as customer acquisition cost, or even a loss, because their recovery is not expected anytime soon.
"The government does not intend to reimburse the oil companies," a senior official told Business Standard.
The amount was to be recovered through budgetary subsidies on the refill of cylinders by PMUY beneficiaries.
It was earlier planned that beneficiaries would buy cylinders at the full price as long as the companies did not recover the loaned amount of around 1,600 per connection. But PMUY beneficiaries seemed unable to bear the high cost of cylinders and did not go for refills.
This prompted the OMCs to forego the recovery of these amounts indefinitely. With no budgetary subsidy on liquefied petroleum gas (LPG), or cooking gas, being borne by the Centre, these amounts are most likely to be written off by OMCs.
Diese Geschichte stammt aus der October 08, 2021-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der October 08, 2021-Ausgabe von Business Standard.
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