New Delhi: Under pressure from senior Congress leaders, the government is mulling to raise the cap on subsidized LPG cylinders from 6 to 9 every year. It is believed that Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi have agreed to the suggestions and the decision now rests on petroleum minister Veerappa Moily.

According to sources, petroleum companies will make an announcement in this regard after the completion of Know Your Customer (KYC) procedure.

After client verification, Oil companies are expecting to terminate 3 crore LPG connections which will also put a check on black marketing. As a result Oil companies would gain a profit of Rs. 5,000 crore every year.

(Agencies)

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