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Only few giving up LPG subsidy voluntarily

Over 12,450 LPG users have so far voluntarily given up their subsidies, but this accounts for only 0.008 percent of about 15 crore domestic cooking gas consumers in the country.

Direct cash transfer of LPG subsidy from June

The government will from June 1 roll out direct transfer of cash subsidy on cooking gas (LPG) in 20 districts as it looks to cut its subsidy outgo by up to Rs 10,000 crore annually by eliminating diversions.

Automakers see brighter side in move to hike diesel prices

Automakers Thursday said the government decision to allow "small" hikes in diesel prices was a step in the right direction although it could have some impact on sales.

OilMin for up to Rs 4.50/L hike in diesel rate; Rs 100 for LPG

The Oil Ministry has proposed a Rs 3-4.50 per litre hike in diesel price and Rs 100 in LPG rates along with raising the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six.