The Tripura government, which is one of the promoters of OTPC is keen to involve Bangladesh in the project and is awaiting a nod from the Centre.
Currently, ethanol produced from sugarcane is the only source for blending, which makes it scarce for alcohol and chemicals manufacturing.
PM Modi recently advised the ministry of renewable energy to explore option of using barren land close to borders to generate solar energy.
Users of KG-D6 Gas to pay $4.2/unit; additional $1.41/unit to be deposited in GAIL-operated gas pool a/c
The invoices would be raised by the sellers. The differential price worked out as per the guidelines would be paid into the gas pool account. We are complying with the govt instructions in this regard.
"The approved formula is not transparent as some of its components such as Russian price is not market driven and this pricing model will encourage gold plating," he said.
Govt is also in touch with suppliers in South America, Africa & Russia to explore options to contract crude oil supplies at more competitive rates.
The numbers are depressing for a country where the number of crorepatis is 42,800, while tax consultants say the number would be 10 times more.
Oil Minister has now ordered state oil cos to ensure that the scheme - which is being launched for 2.33 cr customers - is expanded to entire country.
As a customer is entitled for 12 units of 14.2 kg LPG cylinders per year, annual subsidy amount per consumer will be Rs 3,408 per household.
Fuel prices are reviewed and aligned with global trends in the beginning and middle of every month. Prices are likely to be cut on Nov 15.
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