-The Times of India NEW DELHI: If you are economically well off, you may soon have to pay full market price for your cooking gas refills. "The next important decision India will have to take is whether people like me ... (are) entitled to get our LPG (liquefied cooking gas) subsidy," finance minister Arun Jaitley said here on Friday. "I think the sooner we are able to take these decisions as to who...
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Finance, fertilizers and petroleum ministries to seek subsidy cuts-Sidhartha
-The Times of India NEW DELHI: A swathe of ministries - from finance to fertilizer and petroleum - are going to make a case for a reduction in subsidies before Narendra Modi, a move that will push up your monthly expenditure but is expected to help the government cut wasteful spending and revive investment. Sources said the three ministries are identifying subsidies as a key constraint in their presentations that secretaries will make...
More »Rahul effect: Govt raises cap on subsidized LPG cylinders to 12
-PTI NEW DELHI: Bowing to party pressure, the government on Thursday raised the quota of subsidized LPG to 12 cylinders per household in a year from nine at present and also put on hold paying users the subsidy into bank accounts using Aadhaar platform. Announcing the decision taken by the Cabinet Committee on Political Affairs, oil minister M Veerappa Moily said raising the LPG quota will cost Rs 5,000 crore in additional...
More »From Saturday, govt offers easier access to LPG cylinders
-The Times of India NEW DELHI: Fed up with the service of your cooking gas dealer? Well, from Saturday you can switch to another nearby dealer - even if it belongs to another company - in 30 cities. Along with this scheme, which is similar to number portability for mobiles, oil minister M Veerappa Moily would on that day also launch sale of 5kg cooking gas cylinders in select company-owned petrol...
More »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...
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