The government’s push to provide clean cooking fuel to every household has turned India into the world’s second largest LPG consumer whose demand is projected to rise 34 percent by 2025, Oil Secretary M M Kutty said on Tuesday.
Speaking at the Asia LPG Summit, he said active LPG consumers have grown at a compounded annual growth rate (CAGR) of 15 percent – from 14.8 crore in 2014-15 to 22.4 crore in 2017-18.
“Rapid increase in population combined with LPG penetration in rural areas has resulted in an average growth of 8.4 percent in LPG consumption, making India the second largest consumer of LPG in the world at 22.5 million tonnes.
“As per (oil) ministry’s projections and forecasts, LPG consumption is expected to grow to 30.3 million tonnes by 2025 and 40.6 million tonnes by 2040,” he said.
