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 …
Petroleum and natural gas minister Veerappa Moily on Friday said his ministry was yet to take a view on the Kelkar committee proposal to raise diesel prices in a calibrated manner, leading to full deregulation by 2014-15 to reduce the oil subsidy burden. “The ministry is studying the recommendations of …
Diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar committee recommendations on cutting fiscal deficit. The Kelkar committee, which was appointed by the finance ministry to suggest a roadmap for fiscal consolidation, has suggested immediate hike in fuel prices and complete deregulation …
The oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 …
In order to incentivize the LPG Industry for enhancing local LPG production as well as import of LPG and its utilization in the automotive sector & in LPG Air Mix plants for provision of gas to consumers, the Government is introducing these policy Guidelines. The main objectives of these policy …
The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in the current …
The economy is likely to witness a growth rate of 6.8 per cent in the next year driven by the reform push of the government, says a report. According to global research firm Dun & Bradstreet (D&B;), India's GDP is likely to register 5.5 per cent growth during 2012, much …
Hike being mulled as govt scrambles to find ways to meet Rs 1,60,000 cr deficit expected this fiscal on selling diesel, LPG and kerosene below production cost Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the …
The oil ministry may raise prices of diesel by . 1 a litre or that of cooking gas by . 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. “A . 1 hike in diesel prices would generate about …
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 …
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 up to 6,250 MW and minimal power cuts despite the average annual per capita power consumption in the …
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 …
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 …
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. In comparison, consumption of petrol dipped by nearly 1.5 per cent in the same period. …
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 situation now is very different from that portrayed in "Subsidies for Whom? The Case …
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 our mind to it. I will discuss with the prime minister and the finance minister by how …
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. …
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 profi ts under an alternative pricing regime. It concludes that under the suggested pricing structure the surplus generated in the …
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 …
OMCs use new software to track fake connections The Petroleum and Natural Gas Ministry has launched “Project Lakshya” to reduce waiting time for delivery of LPG cylinders and track duplicate connections, by enrolling the assistance of the National Informatics Centre (NIC) and the Pune-based Centre for Development of Advanced Computing …
IOC, the largest fuel retailer, will receive a government subsidy of about 161 billion rupees India will pay 300 billion rupees to state-owned fuel retailers forced to sell at cheaper government-set rates in the first half of the year, said three sources who saw the finance ministry's confirmation letter. The …
