Reliance Industries, operator of the world’s biggest oil-refining complex, has forayed into cooking gas retailing, launching a 4-kg LPG cylinder on pilot basis.”Four-kg LPG cylinder launched in 4 districts on pilot basis,” RIL said in an investor presentation on second-quarter earnings.
LPG consumption is growing by over 10 per cent and private refiners RIL and Essar Oil want a pie of it.
Currently, public sector retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum control retail LPG market, selling cooking gas in 5-kg, 14.2-kg and 19-kg cylinders. They sell 12 cylinders of 14.2-kg or 34 bottles of 5-kg per year to households on subsidised rates and any requirement above that on market price. The 19-kg cylinder is for commercial use.