There may be an increment in prices of LPG products as the government prepares to implement the Cylinder Re-circulation policy, the
According to him, the new policy will bring about additional cost in the production and supply of the product.
He further gave details on how the cylinder re-circulation project will work and how it will affect the prices of LPG products.
“Currently the policy directive is that, we should have at most six stations. If we have any explosion it should be at those places and not anybody, so the fear and apprehension that people will be suffering will be abated to a very large extent. That is what the cylinder re -circulation module is going to achieve.
"It is going to lead to a little increase in the price, but it is just marginal which is going to take care of the margins for the LPG bottling plant because that is the new addition to the supply chain, and we do this for our safety and we believe that all in all, the policy of LPG cylinder re-circulation should succeed,” he said.
The LPG Marketers Association and the Association of Gas Tanker Drivers had earlier on kicked against the policy, saying that it will have negative impact on their businesses.