In 2022-23, India’s LPG consumption was 28.5 million tons (MT) and production was 12.8 MT. At over 41.1 percent, LPG imports accounted for the largest share of petroleum product imports in 2022-23. Domestic
Close on the heels of the government rejecting the standing committee on finance's decision to keep 26% FDI cap in the insurance sector, fresh tension is brewing between the parliamentary panel on petroleum and natural gas and the Centre over a proposal to limit the sale of subsidised cooking gas to individuals with an annual income of less than R6 lakh. While the panel has favoured this formula to make the government's subsidy scheme more targeted, the Centre has quietly buried the proposal. If the House panel's proposal is implemented, households with any one individual earning more than R 6 lakh a year would not eligible for subsidised cooking gas and would have to buy the fuel at market prices.
The Delhi Government has saved nearly Rs.30,000 crore due to power privatisation and this money has been invested in improving the infrastructure. This has resulted in meeting the peak power demand of
Deploring the government for introducing a cap on subsidised LPG cylinders in an arbitrary manner, the Parliamentary Standing Committee on Petroleum and Natural Gas has asked the government to review the cap of six cylinders a household a year. It said such restrictions should not be placed on people having income below a threshold. The panel, headed by Aruna Kumar Vundavalli, said it recommended last year ending supply of LPG cylinders to the rich and affluent sections who, it described as, people having annual income more than Rs. 6 lakh and those holding constitutional posts and public representatives such as MPs and MLAs. It had asked the government to review and amend the decision in line with the panel's recommendations.
Cabinet will have to clear proposal: Moily The Manmohan Singh government indicated on Tuesday that the cap on the subsidised LPG cylinders would go up from six to nine a household a year. “I think it is likely to go up definitely from six to nine cylinders, and the Cabinet [Committee on Political Affairs] will have to grant its approval to the proposal,” Petroleum and Natural Gas Minister Veerappa Moily told journalists at a function here on Tuesday.
Despite a straight hike of Rs.5 in diesel prices earlier this year, consumption of diesel in Delhi surged by 15 per cent in 2011-12, reflecting the soaring number of diesel vehicles on the Capital's roads.
The use of liquefi ed petroleum gas as a clean cooking fuel increased dramatically between 2007-08 and 2009-10. Its use in rural areas is still confi ned to a minority, but this is changing rapidly. The
The government has indicated it may revise the decision to cap the number of subsidised LPG cylinders to six a year, per household, following pressure from ruling and Opposition parties. “We are applying
Leader of Opposition in the Legislative Council Dadi Veerabhadra Rao on Sunday said the Telugu Desam Party (TDP) would burn effigies representing the Congress Government all over the State on November 26, marking its protest against the ‘anti-people policies’ of the ruling party and its failure on virtually every front. At a press conference he said whether it was the skyrocketing prices of essential prices, compounded by increase in fuel prices, power situation in the State, mushrooming corruption, political unrest and many more disconcerting situations, the Congress Government had utterly failed in handling them. Party leaders and cadres would highlight this during their agitation on November 26, he stated.
This article critically evaluates the government's pricing policy for petroleum products in India. It looks carefully at the notion of "under-recoveries" oil companies and attempts to compare it with their
Mumbai In what could be a festival gift for consumers from oil marketing companies, the price of petrol has been reduced by 95 paise per litre effective Friday. But the relief may be shortlived as state-owned retail entities have expressed concern over the “significant” volatility in dollar-rupee exchange rate that may end the present run of price cuts for petrol. Oil companies last reduced petrol prices on October 8 marginally by about Rs 0.57 per litre on account of softening of product prices globally on weak demand.
