-The Times of India MUMBAI: There is some good news for homemakers. Oil Marketing Companies have introduced a new 'star rating' system for cooking gas dealers, which will ensure that LPG cylinders are refilled within a stipulated period of time. A dealer failing to provide refills on time risks losing his rating and even his licence if the delivery is not made in eight days. In the most-privileged category are the dealers...
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Steep fuel price hike likely as under-recoveries rise -Rajesh Chandramouli
-The Times of India CHENNAI: With the oil ministry looking to announce steps to curb fuel consumption on September 16, industry insiders and analysts expect a steep one-time increase in prices of diesel and domestic LPG. In several key cities, the under recovery in domestic LPG is more than double that of the selling price while in diesel, the gap has increased to Rs 12.12 a litre from Rs 9.03 per litre...
More »GET READY FOR HIGHER FOOD PRICES
The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
More »LPG distributors want government to delay Direct Cash Transfer scheme -Mitul Thakkar & Shreya Jai
-The Economic Times NEW DELHI: It is not only the opposition parties but cooking gas distributors also want the UPA government to delay the implementation of direct benefit transfer of liquefied petroleum gas (LPG) scheme. They fear there would be problems and errors in meeting the stiff timelines as authorities rush to transfer cash directly to the bank accounts of 14 crore consumers before general election next year. "The government is in...
More »Soon, buy 5kg cooking gas refills at petrol pumps-Sanjay Dutta
-The Times of India NEW DELHI: Within a fortnight, you may be able to pick up a cooking gas refill from petrol pumps owned and operated by state-run oil companies in the four metros and big cities such as Bangalore and Hyderabad. Oil minister M Veerappa Moily on Tuesday approved the proposal allowing sale of 5-kg cylinders at commercial rate. The cost of the small refill will be Rs 361, oil company...
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