Bulk liquefied petroleum gas (LPG) tanker owners have planned to seek an extension of supply contract with public sector undertaking oil marketing companies (OMCs). These 5,500 tankers form a crucial link in the LPG supply chain in Tamil Nadu and its neighbouring States.
K. Sundarrajan, recently elected president of the Southern Region Bulk LPG Transport Owners Association, told The Hindu that the extension of contract was needed to help tanker owners, who were badly affected by the pandemic. “Perhaps for the first time, a large section of tanker owners had defaulted on loan repayments. A two-year extension of contract would help owners settle their dues and allow completion of on-going pipeline projects,” he said.
