Re­vive Par­al­lel LPG Mar­ket­ing

The Economic Times - - The Edit Page -

Apro­pos the Edit ‘Get Pri­vate Cook­ing Gas Mar­keters In’ (Apr 2), this is the right time to bring back LPG par­al­lel mar­ket­ing with the DBT in force. The scheme, in­tro­duced in the 1990s, with­ered away ow­ing to widen­ing sub­sidy. In­vest­ments by the pri­vate sec­tor worth .₹ 3,000 crore of that era were ren­dered NPAs. MNC Cal­tex alone wrote off $35 mil­lion.

The great­est ben­e­fi­ciary of the rein­tro­duc­tion of par­al­lel mar­ket­ing and its in­te­gra­tion with the DBT will be the gov­ern­ment it­self. The com­pe­ti­tion and ef­fi­ciency will bring down the mar­ket price dras­ti­cally, re­duc­ing the sub­sidy bur­den. This sec­tor has the po­ten­tial for the largest num­ber of deal­er­ship star­tups, as wit­nessed in the 1990s. Em­ploy­ment op­por­tu­ni­ties for the skilled and un­skilled will grow, apart from in­vest­ments. The sooner this is done, the bet­ter it’ll be for the econ­omy.

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