Indian Express
Sign In | Register Now
Newsletter | ePaper
Indian Express >  Business > 

‘See-through’ cylinder in your kitchen this year

Font Size
K K SHANKAR Posted: May 17, 2008 at 2243 hrs IST
Related Stories: Oil recession may get even more crudeOPEC corks output by 1.5 mn barrels a day, oil still slippingFuel prices to be reduced within a week: DeoraSteel industry plays hardball, says will hold on to prices if demands metFuelled by cartelsRIL offers to sell diesel to retailers but with riders
NEW DELHI, MAY 16 : Elegant and made of light weight fibre glass Transparent cylinders might soon become a reality this fiscal. Indian Oil, will be floating a global tender to purchase the much awaited transperent cylinders in a couple of weeks, an Oil company official revealed. The State-run oil marketing company (OMC) is also the coordinator for procuring cylinders for Hindustan Petroleum and Bharat Petroleum. Although the deal would be finalised by June end, the delivery of cylinders would not be possible before October this year, the official added.

In the initial phase of test marketing the product, the three OMCs have planned to purchase two lakh units of such cylinders to market them as life style premium product for the metros. It will be launched in Bangalore, Pune and Mumbai respectively to test the market.

To make the product more attractive, OMCs will be providing additional services apart from the delivery of the cylinders. The security deposit is likely to range from Rs 3,000 to Rs 3,500 per cylinder. However there would be no subsidy on the refill of cylinders. As a result, customers will have to shell out an additonal Rs 500 to Rs 600 per refill.

The oil company official said, “The three OMC’s have already sought approval of Chief Controller of Explosives.” The companies claim that the product available in the international market qualifies all fire tests and does not explode. The ministry had earlier in February given an in principle approval for the launch of this product following petroleum and natural gas minister Murli Deora’s idea of launching transperent cylinders about six months ago to ensure transparency in LPG supplies and avoid diversion.


Ads By Google
Ads By Google
Post Comments
Message*
Maximum characters allowed     
 
Name* Email ID*
Subject* Country*
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.
View all Messages [ 0 ]
View all Messages [ 0 ]
Group Websites : Express India | Financial Express | Screen India | Loksatta | Kashmir Live | Biz Publications
Privacy Policy | Feedback | Site MapThe Indian Express Group | Work With Us | Adverise With Us | Contact Us© 2008 Indian Express Newspapers (Mumbai) Ltd. All rights reserved
*Recipient(s) name *
*Recipient(s) e-mail address *
(Separate addresses by commas)
*Your Name *
*Your e-mail address *
Select your Country
Comments(optional)

The name(s) and e-mail address(es) you provide will
not be used for any purpose other than to inform the
recipient(s) of your identity. (*mandatory field)
 
Close