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Commercial LPG gets costlier: Cylinder sees average hike of Rs 47.75 across cities
Commercial LPG prices across India have been increased by Rs 42 to Rs 53.50 per cylinder from Monday. The price hike comes amid concerns over fuel supply security and efforts to strengthen LPG reserves following recent disruptions linked to the West Asia conflict. The price of a 19-kg commercial LPG cylinder in Delhi has been raised by Rs 42, taking the retail price to Rs 3,113.50.
'Inflation man has cracked the whip again': Cong slams PM Modi over commercial LPG price hike
The Congress party on Monday attacked the Centre after commercial LPG cylinder prices were increased by up to Rs 53.50 from June 1, accusing Prime Minister Narendra Modi of burdening people with rising costs. The opposition party alleged that 'Inflation Man Modi' had once again 'cracked the whip' by raising LPG prices. The attack came after the price of a 19-kg commercial LPG cylinder was increased across major cities.
LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold
Oil Marketing Companies (OMCs) continue to face under-recoveries of nearly Rs 700 on every domestic LPG cylinder despite a range of measures taken by the government to strengthen supplies, ministry of petroleum and natural gas said on Thursday. Addressing an inter-ministerial briefing, Sujata Sharma, joint secretary in the ministry of petroleum and natural gas, said that the government has stepped up domestic LPG production and secured imports to ensure adequate availability across the...
Commercial LPG gets costlier: How much will a 19-kg cylinder cost? Check city-wise rates
Commercial LPG cylinder prices were hiked across India on Monday, with the cost of a 19-kg commercial cylinder rising by Rs 42 to Rs 53.50 in major cities. The revised rates came into effect from June 1 and apply to commercial LPG cylinders used by hotels, restaurants and businesses. There has been no change in the price of domestic cooking gas cylinders.
'Vishwaguru can't shield its own citizens': Oppn slams Centre over Rs 29 LPG price hike
Opposition parties slammed the Centre after domestic LPG cylinder prices were increased by Rs 29, accusing the PM Modi's government of adding to the financial burden on households already grappling with inflation. The latest revision has pushed the price of a 14.2-kg domestic LPG cylinder in Delhi to Rs 942 from Rs 913. The increase comes nearly three months after a Rs 60 hike announced in March amid rising global energy prices linked to the ongoing conflict in the Middle East.
'Indian households pay lowest cooking gas prices in world': Ministry after LPG hike
Indian households continue to pay among the lowest cooking gas prices in the world, the ministry of petroleum and natural gas said on Sunday. Domestic LPG prices were increased by Rs 29 per cylinder from Sunday amid rising costs due to the West Asia crisis. The government continues to modulate the effective price to the consumer for domestic LPG, the ministry said.
Russian crude here to stay? Why India-US energy ties may be more about LPG, LNG than oil
US President Donald Trump announced in February that India would stop buying Russian crude oil and step up energy ties with the United States of America. Four months after that, India’s Russian oil imports are near record highs and the US still doesn’t feature among India’s top five crude suppliers. But notably, India has stepped up LPG and LNG imports.
Centre cuts subsidised LPG cylinders for Ujjwala beneficiaries from 9 to 4
The Centre on Monday reduced the number of subsidised cooking gas cylinders available annually to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) from nine to four aligning the support with average household consumption levels, a senior government official said. Under the flagship scheme launched in May 2016, beneficiaries were initially entitled to 12 subsidised 14.2-kg LPG cylinders every year. The quota was reduced to nine cylinders last year and has now been cut further to four.
Oil marketing companies losing nearly 700 per domestic LPG cylinder, says government
NEW DELHI: Oil marketing companies are still incurring an under-recovery of nearly Rs 700 on every domestic LPG cylinder despite the Rs 29 increase in the price of cooking gas refills, the government said on Sunday. Despite a global surge in energy prices following the West Asia conflict and the benchmark Saudi CP rising nearly 46% — from $543 a tonne before the disruption to $775 a tonne in May — the government said it had moderated the effective price paid by domestic consumers and kept it...
'Modi's loot model': Rahul Gandhi slams Centre over LPG price hike, Ujjwala subsidy cuts
Congress leader and leader of opposition in Lok Sabha Rahul Gandhi, on Tuesday criticised the Centre over rising LPG prices and reductions in subsidies under the Ujjwala scheme, alleging that government policies were placing an increasing financial burden on poor and middle-class families. Rahul alleged that 12 years of what he termed "anti-poor economic policies" had pushed millions of households back towards using firewood as a cooking fuel. He further added that the number of subsidised...