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OMCs likely to stop LPG supplies to multiple connections with no KYC details

By Religare
OMCs likely to stop LPG supplies to multiple connections
The Oil marketing companies (OMCs) have taken rational step to stop the supplies of liquefied petroleum gas (LPG) cylinders from June 1 onward, to households having multiple-connections with no KYC (know your customer) details provided.

According to the statement of government, "No transactions, including delivery of non-subsidized cylinders, will be permitted in such cases once such connections have been blocked."

The Oil marketing companies such as Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum have shared the customer data of all multiple LPG connection holders.

"A list of such customers is also displayed at the respective LPG distributorships and published in the OMC websites. Only these customers need to submit their KYC details along with proof of identity (POI) and proof of address (POA) immediately to their LPG distributors so as to receive their uninterrupted quota of subsidized cylinders," the statement said.

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