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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...

Times of India 2d ago

'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.

Times of India 3d ago

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.

Times of India 2d ago

Govt spent Rs 1.23 lakh crore to keep petrol, diesel prices unchanged for 78 days

The government provided Rs 1.23 lakh crore to oil marketing companies to help keep petrol and diesel prices unchanged for 78 days following the outbreak of the Middle East crisis, news agency PTI reported citing sources. The fertiliser minister has sought a doubling of the Rs 1.77 lakh crore fertiliser subsidy earmarked for FY27, government sources told PTI. The move comes as the government grapples with rising subsidy and energy costs across sectors.

Times of India 1d ago

Transfer rumors, news: Álvarez still pushing for B...

Atlético Madrid's Julián Álvarez still has his heart set on joining Barcelona, who could also still make an attempt to sign Marcus Rashford from Manchester United. Join us for the latest transfer news and rumors from around the globe. Transfers home page | Men's winter grades | Women's grades TRENDING RUMORS - Julián Álvarez has informed both Arsenal and Paris Saint-Germain that his priority is to join Barcelona this summer, according to Mundo Deportivo.

ESPN 10d ago

Transfer rumors, news: Barcelona to turn to Kane?

Barcelona could move for Bayern Munich striker Harry Kane if a deal for Atlético Madrid's Julián Álvarez falls through, while Arsenal, Chelsea, Newcastle United and Tottenham Hotspur are among the clubs keeping an eye on Manchester United forward Marcus Rashford. Join us for the latest transfer news and rumors from around the globe. Transfers home page | Men's winter grades | Women's grades TRENDING RUMORS - Bayern Munich striker Harry Kane is emerging as a viable alternative for Barcelona...

ESPN 8d ago