Public sector petrochem giant Indian Oil Corporation ( IOC) is going to launch its 450 kg jumbo pack of LPG in entire West Bengal this financial year keeping bulk consumers as target buyers.
Diesel and petrol consumption grew by 8.5 and 11.6 per cent respectively while LPG sales increased by 12.5 per cent in July
The government is hoping for lower subsidy bills over next two years as the global crude oil market struggles to rise despite the historic agreement between Opec and non-Opec producers to cut output. The government has budgeted Rs 25,000 crore toward petroleum subsidy in the current fiscal.
AGARTALA: The subsidy on LPG cylinder for domestic use for the poor will continue, Union Oil Minister Dharmendra Pradhan said today.
India is in talks with Bangladesh for laying a natural gas pipeline from Tripura to Chittagong to deal with LPG shortage in the North-eastern region.
Petroleum Minister Dharendra Pradhan on Monday clarified that the poor will continue to get subsidised LPG cylinder for domestic use, scotching media speculation that the government has decided to phase out the dole .
Poor women who wish to avail of free cooking gas (LPG) connections but do not have Aadhaar card can still apply till the September end as the government has extended the deadline.
If the government goes ahead with its plan to reduce kerosene subsidies every month, as it has in the case of LPG, chances are Opposition MPs will once again raise a hue and cry in Parliament on how the poor are being affected.
The Supreme Court today held that the process of bottling of LPG cylinders meant for domestic use is an activity which amounts to ‘production’ and ‘manufacturing’ and is liable for Income Tax deductions.
Facing ire from opposition parties, the government is likely to put on hold its decision to authorise oil marketing companies (OMCs) to increase the effective price of liquefied petroleum gas (LPG) cylinders by Rs 4 per month in order to reduce and finally eliminate the subsidy burden