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 the hike on hold and Oil Ministry sources say that it will be reviewed soon and has been put off till further notice.
It was only recently that the pricing of LPG gas was partially deregulated by the government and oil marketing companies (OMCs) were given the right to fix prices for non-subsidised LPG cylinders. It now appears that the government's decision to put the hike on hold questions the freedom of companies to decide prices of of LPG cylinders.
The sources add that the decision could also have been made in view of the Himachal Pradesh Assembly elections....more
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: The price of non-subsidised cooking gas (LPG), which consumers buy beyond the cheaper quota of six cylinders, was on Thursday hiked by Rs 26.50 to Rs 922 per unit on firming international rates. The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled six bottles at subsidised rates, will now cost Rs 922, up from Rs 895.50 in Delhi, according to Indian Oil Corp, the nation's largest...
03:08 PM, Nov 01, 2012
Mumbai: Oil marketing companies have decided to bring in technological interventions with a view to remove bottlenecks in distribution system and aim to make the system fool-proof by the end of this fiscal against the backdrop of capping in the number of subsidised cylinders. The three OMCs, which distribute gas to over 14 crore registered customers across the nation, are currently piloting three different interventions based on bar-coding, an RFID...
11:15 AM, Oct 14, 2012