The price of natural gas price may go up by as much as 18% from April 2019, according to CARE Ratings’ report. This could lead to a definitive rise in prices for domestic cooking gas bill and auto CNG prices.
Close to 80 percent of the Indian households use cooking gas in the country as compared to the 56 percent just three years ago.
The government is working on a policy to bring down the annual oil import bill by USD 100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha today.
If you own a car, you might soon have to forgo the subsidy on your LPG cylinders.
By eliminating 36 million fake connections through Direct Benefit Transfer for LPG (DBTL), the government has saved nearly Rs 30,000 crore of cooking gas subsidy.
As many as 3.3 crore fake, ghost and duplicate LPG connections have been blocked, leading to saving of Rs 21,000 crore in subsidies, said oil minister Dharmendra Pradhan