Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
All LPG consumers have to buy fuel at market price. The government, however, subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in bank accounts of users.
“Subsidy amount (transferred in bank accounts) was Rs 159.29 per cylinder in May and it was raised to Rs 204.95 in June and to Rs 257.74 per cylinder this month,” he said. The higher subsidy was meant to keep rates of subsidised LPG in check, Singh added. Read More
Latest posts by The Hindu Businessline (see all)
- Sterling and Wilson tops solar EPC global ranking: report - February 16, 2019
- Centre offers 50 paise/unit support for solar projects using locally produced equipment - February 14, 2019
- Solar power tariffs will be lower than ₹2.30/unit by 2030: TERI report - February 14, 2019