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Subsidised LPG prices to be hiked by Rs 4 per month

Subsidised LPG prices to be hiked by Rs 4 per month

The government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year.

Know the impact of stopping LPG subsidy to high-income group

Know the impact of stopping LPG subsidy to high-income group

The impact on the household budget could be limited to Rs 100-125 per month at the current level of global crude oil and LPG prices.


Petroleum ministry mulling lower gas price

The petroleum ministry is considering a new price for domestic gas that would be lower than the USD8.4 per unit reached by the formula suggested by the C. Rangarajan panel constituted by the earlier UPA government.

No hike in LPG, kerosene prices: Petroleum Minister

Cooking gas and kerosene prices will not be hiked keeping in view the impact of such a step on the people, Petroleum Minister Dharmendra Pradhan said today.

Oil Ministry mulling proposal to raise LPG prices by Rs 250 per cylinder

The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, kerosene and LPG, official sources said here.

LPG likely to be costlier by Rs 5; Kerosene by Re 1

The government may hike LPG prices by Rs 5 and kerosene by Re 1 due to spurt in crude oil price in international market.

GAIL Q4 profit zooms 57% to Rs 972 crore

State gas utility GAIL India Ltd Monday reported a 57 percent jump in its fourth-quarter net profit on the back of better petrochemical and LPG prices and drop in subsidy outgo.

FinMin to verify OMCs' losses before deciding on subsidy

The Finance Ministry in a study will verify the claims of losses by state-owned oil companies on selling diesel, LPG and kerosene below cost price and decide the quantum of subsidy for 2012-13 based on the report.

No further hike in diesel, cooking fuel prices: Govt

The government Tuesday ruled out any further increase in diesel and cooking fuel prices even though the current retail rates are lower than their cost of production.

Diesel hike: Rs 1,200 cr burden on Railways, no move on freight hike

The diesel price hike has put an additional yearly burden of around Rs 1,200 crores on the cash-strapped Railways but there is no move yet to increase freight charges, a rail official said Friday.

Diesel price hiked by Rs 5/litre, cap on LPG cylinder supply

Biting the bullet, the government Thursday night raised the diesel price by a steep Rs 5 per litre and capped the number of subsidised cooking gas cylinder to six per household a year.

Diesel, LPG, kerosene prices likely to be hiked today

The Cabinet Committee on Political Affairs (CCPA) may take decision to hike petrol, diesel, cooking gas and kerosene prices simultaneously in its scheduled meeting later on Tuesday.

Diesel, LPG rates not to go up as govt fights political battle

Diesel and cooking gas (LPG) prices are unlikely to be hiked even after the end of the Monsoon Session of Parliament next week as the government is wary of taking such a decision at a time when it already has political battles on hand.

No proposal to hike diesel, LPG prices: Govt

The government Thursday said as of now it is not considering any proposal to increase the administered prices of petroleum products and fertilisers.

Not planning to deregulate diesel, LPG, kerosene: Govt

The government is not planning to deregulate diesel, cooking gas (LPG) and kerosene prices by withdrawing subsidy on them, Minister of State for Petroleum and Natural Gas R P N Singh said on Tuesday.

Oil Ministry pushing for hike in diesel, LPG prices

Without a price hike, a staggering Rs 160,000 crore of losses on these fuel sales would have to be met by the government this fiscal.

EGoM on revising diesel, LPG rates likely to meet today

After a steep Rs 7.54 a litre hike in petrol prices, a high powered ministerial panel headed by Finance Minister Pranab Mukherjee may meet as early as Friday to decide on revising diesel, cooking gas LPG and possibly also kerosene rates.

Oil firms hike auto LPG prices by Rs 6 per litre

Liquefied Petroleum Gas (LPG) used as fuel in automobiles, called Auto LPG, will cost Rs 49.72 per litre as against Rs 43.65 per litre price till last month, according to Indian Oil Corp, the nation's largest fuel retailer.