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 LPG consumption accounted for over 89 percent of total consumption. The adoption of LPG by low-income households …
With the Empowered Group of Ministers (EGoM) being not in place due to the departure of Pranab Mukherjee from the government, the Petroleum Ministry is contemplating sending a proposal of hiking the prices of diesel, LPG and kerosene to the Cabinet Committee on Economic Affairs (CCEA) and leaving the decision …
New Delhi After three consecutive price cuts in petrol since the first week of June, oil marketing companies IOC, HPCL and BPCL on Monday raised the price by 70-89 paise a litre citing increase in global oil prices and movement in the rupee-dollar exchange rate. With this price revision, petrol …
Calcutta High Court on Thursday stoked the dying embers of the campaign against vehicle pollution by asking the Mamata Banerjee government to explain the continued presence of banned commercial transport on the streets and say how it intends banishing them. “Pollution caused by emission is causing serious health problems. The …
Bangalore: The government is close to taking a decision on capping the number of subsidized LPG cylinders to “econonomically not weaker” sections to bring down the subsidies by up to Rs 10,000 crore annually, minister of state for petroleum and natural gas R P N Singh said on Wednesday. The …
People in Shimla now have the option of disposing of their dead in a more environment -friendly and cheaper way by using LPG, instead of piles of wood, at a crematorium here. The Rotary club has imported the machinery from the United States. The plant has been set up here …
New Delhi The government may increase the price of diesel later this month to reduce the rising oil subsidy burden, a senior petroleum ministry official said on condition of anonymity. The proposal to raise diesel prices has been kept in abeyance for a long time even though oil companies are …
Mumbai The consortium comprising Gujarat State Petroleum Corporation (GSPC), Oil and Natural Gas Corporation (ONGC), Bharat Petroleum (BPCL) and Oil India (OIL) is likely to sweeten its bid for British Gas’ (BG) 65.12% stake in the Rs. 2,500-crore Gujarat Gas Company, ending months of impasse over the valuation of India’s …
Do you have more than one cooking gas connection at home? If yes, you better watch out. National oil companies — Indian Oil, Bharat Petroleum and Hindustan Petroleum — have begun the process of identifying those with multiple connections. Such customers must either surrender the extra connections or face the …
Pointing out that fiscal deficit was a cause of concern, C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister, said on Friday that action on reducing fuel and fertilizer subsidies would be taken “as early as possible.” “I would not like to put a time frame, I …
In line with the falling global prices, petrol may be made cheaper by around Rs 2 a litre later this week, creating political legroom for a diesel price revision. This will be the second price cut in the month after the Rs 7.54 increase last month triggered strong political opposition. …
A special eight-day drive will be launched by the Delhi Transport Department beginning this Monday to ensure adherence to pollution control norms by commercial and private vehicles. Transport Minister Arvinder Singh Lovely said on Thursday that 30 mobile teams of the enforcement wing would be deployed at all entry points …
This paper applies an econometric analysis to estimate the average and distribution benefits of rural electrification using rich household survey data from India. The results support that rural electrification helps to reduce time allocated to fuelwood collection by household members and increases time allocated to studying by boys and girls. …
The UN’s Sustainable Energy for All initiative (SE4ALL) has a strong focus on the private sector to deliver universal energy access, improved efficiency and increased investment in renewable energy. Leading private sector associations have bought into SE4ALL, including the World Business Council for Sustainable Development (WBCSD) and the Global Compact. …
With emphasis in the 12th Plan on the social services sectors for achieving more inclusive growth, the Delhi Budget has allocated Rs.9,796 crore or 65 per cent of the total Plan outlay of Rs.15,000 for 2012-13 on this sector. The money, Chief Minister Sheila Dikshit said, will be used for …
Petroleum and Natural Gas Minister Jaipal Reddy said on Monday that there was no proposal before the government now to increase the prices of diesel, domestic LPG and kerosene. No timeframe was set for the Empowered Group of Ministers (EGoM) to meet to consider such an increase. “We are not …
Oil minister says kerosene also out of bounds Growing unease within the Congress and street protests by its tantrum-prone allies over the petrol price hike appear to have sapped the Manmohan Singh government’s enthusiasm for pruning the subsidy bill on diesel, kerosene and LPG. “I am not touching (the prices …
Apart from slashing 20 per cent VAT on the price of petrol in the city to bring it down by `1.26 per litre, the Delhi government, in its `33,436-crore Budget 2012-13 announced on Monday, gave the highest allocation to social sector spending. The huge significance to social sector spending in …
Oil Minister says no dates fixed yet for meeting of ministerial panel to decide on rate revision Still battling the fallout of last week's steep Rs 7.54 a litre hike in petrol price, the government today said it is not considering raising rates of diesel, domestic gas (LPG) and kerosene …
New Delhi State-owned fuel marketers IOC, HPCL and BPCL on Thursday ruled out an immediate rollback of the steepest petrol price increase of R7.5-R8 a litre from Thursday night but conceded that if the government instructs them to cut prices, they have no other go but to follow their majority …
But indicate prices may come down next month. While maintaining that there will be no immediate rollback of the hike in petrol prices, oil companies have indicated that prices may come down next month as part of the revision exercise. While the move to hike petrol prices is being opposed …
