New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight.
On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per cylinder in line with fall in international rates.
The government had in September 2012 fixed a quota of six subsidised LPG cylinders per household in a year. This was increased to 9 cylinders in January. Any requirement over and above this entitlement has to be bought at market price.
In the immediate aftermath of the September decision, oil PSUs had hiked price of non-subsidised LPG by Rs 26.50 per cylinder from November 1 but had to roll it back within hours as the government did not want to compound the backlash it was already facing for limiting supply of subsidised LPG to just six cylinders per household in a year....
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11:35 PM, Apr 30, 2013
When Finance Minister P Chidambaram stands up to present his government's annual Budget on February 28, the biggest quandary he will face is: "What can I say in the next two hours that will boost both the demand for credit and its supply?" ...
06:10 AM, Feb 28, 2013
Finance Minister P Chidambaram will present one of the most highly anticipated budgets of recent years on Thursday, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade. ...
04:54 AM, Feb 28, 2013
Finance Minister P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 per cent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade. ...
04:34 AM, Feb 28, 2013
The Indian economy is likely to grow between 6.1 per cent and 6.7 per cent while the revival is expected to be slow in the near future, according to the Economic Survey tabled by the government in Parliament on Wednesday, a day before Finance Minister P Chidambaram presents Union Budget 2013-14. ...
12:23 PM, Feb 27, 2013
The government on Thursday took the first major step towards the deregulation of diesel prices saying oil companies will be allowed to decide the prices and hike the prices in small amounts from time to time. ...
08:03 AM, Jan 18, 2013
A decision on raising diesel and LPG prices is expected on Thursday. Sources have told CNN-IBN that Prime Minister Manmohan Singh is expected to take a call on raising diesel and LPG prices at the cabinet meet on Thursday. ...
10:15 AM, Jan 17, 2013
The government is "seriously" considering revising rates of LPG and diesel prices but no decision has been taken as yet, Oil Minister M Veerappa Moily said on Wednesday. "All price hike or price reduction...proposals are under serious consideration. We have not taken any decision," he told reporters in the national capital. ...
01:10 PM, Jan 16, 2013
Petroleum And Natural Gas Minister Veerappa Moily Moily on Friday hinted that a hike in diesel and LPG prices could be announced soon. Moily said that the Kelkar Committee recommendations were under consideration and a decision will be taken as quickly as possible on fuel price hike. ...
04:17 PM, Jan 11, 2013
After the railway fare hike, the government is all set to raise diesel and cooking gas rates. The Congress Core group will meet in the national capital on Friday to take a final call. CNN-IBN has learnt that a hike of Rs 4.50 per litre in diesel prices and that of Rs 100 per cylinder for LPG prices is expected. ...
10:53 AM, Jan 11, 2013
After announcing a hike in railway fares, the government is now set to take a tough decision on raising fuel prices as early as this week or next week. A hike of Rs 4.50 per litre in diesel prices and that of Rs 100 per cylinder for LPG prices is expected. ...
01:19 PM, Jan 10, 2013
Prime Minister Manmohan Singh has warned that the government must raise diesel, kerosene and cooking gas prices in a phased manner as India's fuel prices are well below international prices. Sources have told Network 18 that the government may consider hiking diesel prices by Rs 2 to 3 per litre and LPG by rs 50 to 75 rupees, in line with the Kelkar committee report recommendations. ...
09:16 AM, Jan 08, 2013
After the government put on hold the Rs 26.50 hike on non-subsidised LPG cylinders, Petroleum Minister Veerappa Moily said it was the oil companies' decision and not the ministry's, as had been reported. The minister further added that the public sector oil firms will take a call on raising the cap on subsidised LPG cylinders. ...
12:39 PM, Nov 03, 2012
New Delhi: Sources on Friday said that it was a communication by the Oil Ministry that led to a reversal of the price hike on non-subsidised LPG cylinders. The government on Thursday had hiked the prices of non-subsidised cooking gas by Rs 26.50 to Rs 922, up from Rs 895.50. The hike was supposed to come into effect on November 11. However, facing criticism from all sides, the government put...
09:27 AM, Nov 02, 2012
New Delhi: In some relief to the people, the government has decided to put on hold its Rs 26-hike on non-subsidised cooking gas (LPG), which consumers buy beyond the cheaper quota of six cylinders. On Thursday, the government announced its decision to hike the prices which would have raised the prices to Rs 922 per cylinder from the prevalent rate of Rs 895.50. The government had in September restricted the...
07:34 AM, Nov 02, 2012
New Delhi: Close on the heels of steep increase in diesel price and cap on supply of subsidised LPG, President Pranab Mukherjee on Monday said greater alignment of domestic rates with global prices was in the interest of both consumers and investors. A steep Rs 5.62 per litre hike notwithstanding, diesel continues to be sold at a discount of Rs 11.05 per litre to its actual cost as international rates...
02:14 PM, Oct 15, 2012
Kolkata: West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee on Saturday expressed her unhappiness over the central government's decision to hike the price of cooking gas by over Rs 11. "Do you know, how many times prices have been increased, affecting the interest of the common people during UPA-II? Today again, the central government has hiked LPG prices by 11.42 per cylinder. Very bad, very sad," Banerjee posted...
01:09 AM, Oct 07, 2012
New Delhi: The government on Saturday hiked the prices of LPG by Rs 11.42 per cylinder, saying that this was done to raise the dealers' commission. The gas dealers had reportedly wanted a single price and commission of Rs 65 per cylinder, the same as on commercial cylinders. The National Federation of LPG Distributors of India (NFLDI), which represents around 10,500 cooking gas sale agencies, had asked the Centre to...
02:30 PM, Oct 06, 2012
New Delhi: The Kelkar Committee, which was set up by Union Finance Minister P Chidambaram to suggest a roadmap for fiscal consolidation, has suggested the government to hike the prices of kerosene and LPG cylinders with immediate effect. The panel has recommended that kerosene price should be raised by Rs two per litre while that of LPG cylinders needs to be raised by Rs 50 per cylinder. According to the...
06:54 PM, Sep 28, 2012
Jamshedpur: Not hiking diesel prices could have led to suppressed inflation, State Bank of India Chairman Pratip Chaudhuri said on Friday. Diesel prices were raised by Rs 5 a litre on Thursday night. The government had no choice but to increase the price of diesel because of the increasing loss incurred by the oil companies, Chaudhuri, who was in the steel city to take part in a function, said. While...
05:43 PM, Sep 14, 2012
