Are oil promoting organizations dumping LPG barrels?

Are oil promoting organizations dumping LPG barrels?

A section of liquefied petroleum gas (LPG) distributors is alleging that oil companies have been dumping cylinders for the past couple of days without indent or taking payments.
 
This, they claimed, was because Union Petroleum Minister Dharmendra Pradhan had announced that prices of LPG would be reduced in December. Usually, LPG prices change every month. Another section said this was because oil companies were in a hurry to increase sales to match last year’s volume. Many of the distributors have called up or mailed oil companies asking that the dumping of cylinders be stopped.
 
Oil industry sources, however, denied that it was being done and said only distributors with huge backlogs were being asked to take loads. “They have bookings but are not buying loads due to various reasons and are making consumers wait. Some of them have 13 days of backlog. We are only asking such distributors to take loads,” explained an OMC official.
 



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