The government may not pay around Rs 32,000 crore of kerosene and LPG subsidy dues for FY19 before March end, in a bid to meet the revised fiscal targets. The total bill for LPG subsidy under direct benefit transfer and kerosene
As many as 11,000 Goan households are still using kerosene as a cooking fuel, and the government will be providing them with LPG connections under Prime Minister’s Ujjwala Yojana, revealed assistant manager, HPCL, Vaibhav Bhagat.
The administered prices of subsidised household fuels has risen sharply, with kerosene up 65% and cooking gas up 17% in the past two years, but the subsidy on both products, which the government tried to cut with regular price hikes, has also risen sharply because of soaring oil prices.
When we came to power the subsidy burden on kerosene was around Rs 30,000 crore. In the first year of our government the subsidy burden on kerosene was around Rs 25,600 crore.
The government has taken further steps to gradually reduce subsidy on kerosene, continuing the series of market-oriented reforms that have galvanised the petroleum sector
India’s fossil fuel consumption trend is suggesting a shift away from inefficient and highly polluting use of hydrocarbons, as a result of efforts to move towards a less-carbon-intensive economy
Petroleum minister Dharmendra Pradhan today expressed hope that all petroleum products will soon be part of goods and services tax.
India’s fuel demand growth continued its upward trajectory for the third straight month in November 2016 fuelled largely by demonetisation that allowed the use of banned Rs 500 and Rs 1,000 notes for payment of auto and cooking fuels.
Jharkhand has become the first state in the country to implement Direct Benefit Transfer (DBT) in Kerosene in four identified districts namely, Chatra, Hazaribagh, Khunti and Jantara from 1st October, 2016.
The government has paved the way to prune fuel subsidy. On July 1, it raised the price of kerosene by 25 paise a litre, the