The oil minister also said that the opening of petrol pump dealerships of state-owned oil marketing companies has created lakhs of jobsNew Delhi: In five years, the Ministry of Petroleum has offered 13 crore LPG connections, almost as much as the number of connections delivered in the first 60 years since India’s independence, Oil Minister Dharmendra Pradhan has said. Speaking at a programme to hand over letters of intent (LoI) to eligible applicants for petrol pump dealerships of state-owned oil marketing companies, the minister said the opening of these dealerships has created lakhs of jobs.
Over 6.75 crore new LPG connections under PMUY
Under the Pradhan Mantri Ujjwala Yojana (PMUY), more than 6.75 crore LPG connections have been provided to underprivileged homes, Pradhan said. “As many as 6.75 crore women have been empowered through the PMUY and 13 crore new LPG connections have been issued,” Pradhan said on the sidelines of the event.
“The allotment of so many new connections has been accompanied by expansion of infrastructure, like gas pipelines, bottling plants and distribution networks. All this has created a large number of jobs.”
Petrol pump dealerships creates lakhs of job
“The strike rate of over 30 per cent in allocation of retail outlets is likely to lead to thousands of dealerships, and will create lakhs of direct employment in these petrol pumps, besides creating opportunity for other associated and ancillary activities,” he said.
Pradhan also spoke of the new policy framework for exploration and licensing of oil and gas blocks, which was approved by the Cabinet earlier this week. By providing appealing terms to investors, the framework aims to boost the domestic production of oil and gas.
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.