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 …
The decline has benefited the residents of Murree, Rawalpindi and Islamabad where the average price of LPG ranges between Rs118 and Rs130 per kg. - File photo ISLAMABAD: The price of liquefied petroleum gas has declined by Rs12 per kg across the country as the Petroleum Development Levy (PDL) imposed …
Thailand aims to revive a long-stalled plan to become an oil trading and biofuel hub in Southeast Asia, challenging Singapore's dominance, its new energy minister said on Thursday. The net oil importer plans to boost its crude reserves, excluding refined oil products, to 29 days from 18 days now to …
The “Basic Statistics on Indian Petroleum & Natural Gas, 2010-11” is the sixteenth in a series that was first released in 1996. It is a skeletal forerunner of the detailed annual Statistics Bulletin published regularly after the end of the financial year. Basic Statistics data for the year 2010-11 is …
The government on Thursday allowed public sector oil companies to hike the price of petrol by Rs 3.14 per litre, further burdening the middle- class. The new price will come into effect from midnight Thursday. Petrol will now cost Rs 66.84 a litre at filling stations in Delhi, and even …
UPA allies join hands with Opposition to slam petrol price hike Oil protests force govt to put off meet on LPG: UPA allies join hands with Opposition to slam petrol price hike The Trinamool Congress and the DMK today forced the government to hold back any move to limit the …
Oil companies blame it on rising under-recoveries and increase in international crude oil prices Faced with the rising under-recoveries and continuing increase in the international crude prices, the oil marketing companies announced an increase of Rs. 3.14 in petrol prices on Thursday. The cost of petrol will be Rs. 66.84 …
In an attempt to curtail the ballooning subsidy bill, an Empowered Group of Ministers (EGoM) led by Finance Minister Pranab Mukherjee will meet on September 16 to take a decision on curtailing the supply of subsidised LPG cylinders to domestic households to between 4 and 6 per year. The government …
Diesel consumers in India pay lower prices than their American counterparts. But, petrol due to the high tax component is priced higher in India than in the US. Petrol in India is sold at Rs 20.88 a litre higher than in the US, while diesel is cheaper by Rs 4.55 …
If you pay income tax or own a scooter, car or a house, you will soon be limited to four subsidised gas cylinders a year, if a proposal informally approved by an empowered Group of Ministers on Monday night is finally implemented. Seeking to address a ballooning subsidy bill, the …
New Delhi Prices of the fuel have gone up 33% since being decontrolled last year Easing global crude oil price — $103 a barrel on Monday, down from an average $113 a barrel in the first quarter — has nearly covered the losses that retailers IOC, HPCL and BPCL make …
An Empowered Group of Ministers has in-principle accepted the interim report of the Task Force on Direct Transfer of Subsidies on Kerosene, LPG, and Fertiliser. The Ministerial Panel on the financial health of the public sector oil companies, headed by the Finance Minister, Mr Pranab Mukherjee, which met on Monday, …
Plan to levy market rate on owners of luxury cars Faced with growing diesel consumption and rising under recoveries, the Union government on Thursday said it was working on “dual pricing of diesel” wherein luxury car owners could be asked to pay the market rate and subsidised diesel restricted to …
Union Finance Minister Pranab Mukherjee said in the Lok Sabha today that the government could consider the Opposition’s suggestion to scrap diesel subsidy for car-owners. This isn’t a new idea — it was shot down last November by the petroleum ministry as it was difficult to implement. For, industry experts …
Restricting the supply of subsidised cooking fuel may no longer be a politically difficult task, with a Parliamentary panel asking the government to do away with the sale of subsidised domestic LPG to people with more than Rs 6 lakh annual income. If the recommendation goes through, those with income …
Persons having an annual income of more than Rs 6 lakh may not get subsidised cooking gas, if the suggestion of the Standing Committee on Petroleum and Natural Gas has its way. Currently, domestic LPG (14.2 kg) cylinder is being sold at Rs 395.35 in Delhi, almost Rs 247 lower …
With passenger cars consuming about 15 per cent of the diesel, the Government today indicated that it might do away with the subsidy enjoyed by such vehicle owners. “...we can accept your (Opposition) suggestion and try to work out what mechanism could be found out so that this section (diesel …
After a steep hike of Rs 50 on the prices of each cooking gas cylinder last month, another increase of Rs 4 has been done earlier this month owing to an increase in a dealer
The government is planning to cap sale of subsidised cooking gas (liquefied petroleum gas) cylinders to each household in a phased manner, while putting in a mechanism for direct transfer of subsidy to the intended beneficiaries. Consumers will have to buy cylinders above the specified quota at the market price. …
Rajasthan has announced concessions and tax relief to customers on diesel, domestic cooking gas and kerosene to comply with the recent Congress directive to the party-run governments in the States in the wake of the hike in the prices of petroleum products. The concessions, announced after a late night meeting …
