Lpg And Kerosene
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Subsidy Bill Nears Rs 6 Lakh Crore In Financial Year 2021
The government's subsidies on food, fertilisers, LPG and kerosene are pegged at Rs 5.96 lakh crore in the current fiscal, over 2.5-fold jump from the initial budget estimates as the Centre distributed additional foodgrains free of cost to help poor mitigate the impact of COVID-19 pandemic.
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Government Hikes Rates Of LPG Cylinders, Kerosene
The government is looking to eliminate subsidy on the domestic fuels, LPG and Kerosene, through small hikes.
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HPCL Gets Green Nod For Rs 3,846-Crore Expansion Project
With the proposed expansion, HPCL's Mumbai refinery will be able to produce gasoline and diesel meeting Euro IV quality specifications, besides other petroleum products like LPG, Naphtha, Kerosene, ATF, Fuel.
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LPG Cylinders Get Cheaper, But Aviation Fuel Prices Go Up
Aviation turbine fuel (ATF) price was today hiked by 5.5 per cent for the fifth month in a row, but that of non-subsidised cooking gas (LPG) was cut by Rs 11 per cylinder, in line with global trends.
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Non-Subsidised LPG, Jet Fuel Prices Hiked
After petrol and diesel, prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF) were raised on Sunday, in line with global trends.
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Union Cabinet Gives Green Light To Rs 8000 Crore Rural LPG Scheme
The Cabinet today approved a Rs 8,000-crore scheme to provide cooking gas connections free of cost to women members of poor households.
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Jaitley Meets Top Officials to Discuss DBT Efficiency
Finance Minister Arun Jaitley on Monday held a meeting with secretaries and the CEA to discuss ways to streamline the Direct Benefit Transfer (DBT) scheme for ensuring that only the needy get the subsidies.
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Government Caps Kerosene Subsidy at Rs 12/Litre, LPG at Rs 18/Kg
The government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said on Monday.
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Have Written to States for Direct Benefit Transfer in Kerosene: Jayant Sinha
The Centre today said it has written to Chief Ministers and Union Territory Administrators for Direct Benefit Transfer for kerosene in the accounts of the beneficiaries.
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Finance Ministry Sanctions Rs 5,223 Crore Fuel Subsidy for IOC, BPCL: Report
The Finance Ministry has sanctioned Rs 5,223 crore fuel subsidy for the January-March quarter to cover almost all of the revenue loss that the two retailers suffered on selling domestic cooking gas (LPG) and kerosene at government rates.
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Sensex Jumps 350 Points; Nifty Nears 8,300 on MAT Clarification
ONGC was the top Nifty gainer, rising over 2.5 per cent gains, on reports that the government will not ask upstream companies such as ONGC and OIL to share the subsidy burden on account of selling LPG and kerosene at below market prices. Oil India traded over 3 per cent higher.
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Government Exempts ONGC, Oil India From LPG Subsidy Payments
The government regulates price of cooking fuels LPG and kerosene to shield the poor. The difference between the cost and the retail selling price, called under-recoveries, is borne by the government by way of cash subsidy and upstream producers like ONGC.
-
BPCL Hits Fresh Year High, Brokerages Bullish
After the government deregulated diesel prices and the fall in international oil prices, which has resulted in lower subsidy burden for selling LPG and kerosene below their market price, earnings visibility of the company has increased, analysts said.
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Rail Budget: Freight Rate Hike to Get Rs 4,000 Crore
Railway Minister Suresh Prabhu on Thursday announced hiked freight rates on cement, coal, food grain and pulses, urea, kerosene and LPG by up to 10 per cent to mop up an additional Rs 4,000 crore per year but spared passengers from any raise in fares while ruling out privatisation.
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Government Sanctions Rs 5,085 Crore in Oil Subsidy: Report
A total of Rs 15,981 crore in revenue was lost by fuel retailers on selling PDS kerosene and domestic LPG at government-controlled rates in October-December. Of this, the Finance Ministry issued letter providing for less than one-third of this as cash subsidy, official sources said.
-
Subsidy Bill Nears Rs 6 Lakh Crore In Financial Year 2021
The government's subsidies on food, fertilisers, LPG and kerosene are pegged at Rs 5.96 lakh crore in the current fiscal, over 2.5-fold jump from the initial budget estimates as the Centre distributed additional foodgrains free of cost to help poor mitigate the impact of COVID-19 pandemic.
-
Government Hikes Rates Of LPG Cylinders, Kerosene
The government is looking to eliminate subsidy on the domestic fuels, LPG and Kerosene, through small hikes.
-
HPCL Gets Green Nod For Rs 3,846-Crore Expansion Project
With the proposed expansion, HPCL's Mumbai refinery will be able to produce gasoline and diesel meeting Euro IV quality specifications, besides other petroleum products like LPG, Naphtha, Kerosene, ATF, Fuel.
-
LPG Cylinders Get Cheaper, But Aviation Fuel Prices Go Up
Aviation turbine fuel (ATF) price was today hiked by 5.5 per cent for the fifth month in a row, but that of non-subsidised cooking gas (LPG) was cut by Rs 11 per cylinder, in line with global trends.
-
Non-Subsidised LPG, Jet Fuel Prices Hiked
After petrol and diesel, prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF) were raised on Sunday, in line with global trends.
-
Union Cabinet Gives Green Light To Rs 8000 Crore Rural LPG Scheme
The Cabinet today approved a Rs 8,000-crore scheme to provide cooking gas connections free of cost to women members of poor households.
-
Jaitley Meets Top Officials to Discuss DBT Efficiency
Finance Minister Arun Jaitley on Monday held a meeting with secretaries and the CEA to discuss ways to streamline the Direct Benefit Transfer (DBT) scheme for ensuring that only the needy get the subsidies.
-
Government Caps Kerosene Subsidy at Rs 12/Litre, LPG at Rs 18/Kg
The government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said on Monday.
-
Have Written to States for Direct Benefit Transfer in Kerosene: Jayant Sinha
The Centre today said it has written to Chief Ministers and Union Territory Administrators for Direct Benefit Transfer for kerosene in the accounts of the beneficiaries.
-
Finance Ministry Sanctions Rs 5,223 Crore Fuel Subsidy for IOC, BPCL: Report
The Finance Ministry has sanctioned Rs 5,223 crore fuel subsidy for the January-March quarter to cover almost all of the revenue loss that the two retailers suffered on selling domestic cooking gas (LPG) and kerosene at government rates.
-
Sensex Jumps 350 Points; Nifty Nears 8,300 on MAT Clarification
ONGC was the top Nifty gainer, rising over 2.5 per cent gains, on reports that the government will not ask upstream companies such as ONGC and OIL to share the subsidy burden on account of selling LPG and kerosene at below market prices. Oil India traded over 3 per cent higher.
-
Government Exempts ONGC, Oil India From LPG Subsidy Payments
The government regulates price of cooking fuels LPG and kerosene to shield the poor. The difference between the cost and the retail selling price, called under-recoveries, is borne by the government by way of cash subsidy and upstream producers like ONGC.
-
BPCL Hits Fresh Year High, Brokerages Bullish
After the government deregulated diesel prices and the fall in international oil prices, which has resulted in lower subsidy burden for selling LPG and kerosene below their market price, earnings visibility of the company has increased, analysts said.
-
Rail Budget: Freight Rate Hike to Get Rs 4,000 Crore
Railway Minister Suresh Prabhu on Thursday announced hiked freight rates on cement, coal, food grain and pulses, urea, kerosene and LPG by up to 10 per cent to mop up an additional Rs 4,000 crore per year but spared passengers from any raise in fares while ruling out privatisation.
-
Government Sanctions Rs 5,085 Crore in Oil Subsidy: Report
A total of Rs 15,981 crore in revenue was lost by fuel retailers on selling PDS kerosene and domestic LPG at government-controlled rates in October-December. Of this, the Finance Ministry issued letter providing for less than one-third of this as cash subsidy, official sources said.
