LPG cylinder price: The government has made it very easy and flexible to book LPG connections. Gone are the days where you had to stand in queues to fill your LPG form.
The push for clean energy through the Pradhan Mantri Ujjwala Yojana (PMUY) has led to a record 40.7 million new liquefied petroleum gas (LPG) connections being added in the current fiscal year (2018-19, or FY19). This is a jump of 45 per cent over 2017-18 (FY18).
LPG cylinder rates hiked: Subsidised cylinder to cost Rs 495.61, non-subsidised Rs 701.50 from March 1
Domestic cooking gas (LPG) price was on Thursday hiked by Rs 2.08 per cylinder and non-subsidised gas by Rs 42.50 per bottle, Indian Oil Corporation (IOC) said. The increase comes after three straight monthly reduction in rates.
Consumption of fuel, a proxy for oil demand, totalled 18.34 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Hindustan Petroleum Corporation Limited (HPCL) will start work very soon for construction of a LPG bottling plant at Rayagada with an investment of Rs 91 crore. The plant will be ready by September 2020, official sources said
Indian Bharat Petroleum Corp Ltd is seeking liquefied petroleum gas (LPG) through a term contract and gasoline via a spot deal in a rare move as it looks to plug a supply gap, an industry source who tracks oil products said on Thursday.
The government’s push to provide clean cooking fuel to every household has turned India into the world’s second largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said.
The government’s push to provide clean cooking fuel to every household has turned India into the world’s second-largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said on Tuesday.
The coverage of cooking gas in the country has increased to nearly 90 per cent in the last five years according to Minister for Petroleum and Natural Gas, Dharmendra Pradhan.
Recently, there has been a considerable reduction in the prices of non-subsidised LPG cylinders. Unless LPG subsidies suffer from extreme mis-targeting, it should rather be the price on the subsidised market that matters for the poor.