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Government makes non-subsidised LPG cylinders cheaper by around Rs 100

-PTI In a marginal relief to consumers, the government on Friday abolished import and excise duties on LPG cylinders they buy beyond the 6 per annum quota of subsidised cooking gas, and asked state governments to subsidise the requirements of households at their level. The government had last week restricted supply of subsidised cooking gas to 6 per household in a year. Any requirement beyond this was to be purchased at market...

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Accounts of PSU oil companies under scrutiny -Siddharth

-The Times of India The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not. The move was initiated at the behest of finance minister P Chidamabram, who asked his officers to look into the issue even before diesel prices were raised and a cap on subsidized cooking gas cylinders was announced last week. The exercise...

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Nine subsidised cylinders for BPL a year

-The Hindu Financial burden has to be assessed before scheme is extended to higher income groups: Chandy Consequent on the Congress party’s core committee recommendation to raise the number of subsidised LPG cylinders from six to nine a year, the Kerala government on Wednesday announced that the additional three subsidised cylinders would be targeted at the BPL (below the poverty line) category on the basis of the consumption pattern in 2011-12. Addressing a...

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Goa Govt Announces subsidy on Domestic LPG Cylinders

-Outlook The Goa government today announced a subsidy on domestic LPG cylinders for people blow an annual average income of Rs 3 lakh. The state civil supplies minister Dayanand Mandrekar told PTI that families below an annual average income of Rs 3 lakh will get additional six LPG cylinders per year on subsidised rates. He said that 12 LPG cylinders, including six subsidised by the union government would be made available for these...

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Government likely to raise LPG cap from six to 10 cylinders: sources

-CNN-IBN The Centre is considering a partial rollback of the cap on subsidised LPG. It is considering raising the limit on the number of subsidised LPG cylinders from six to ten cylinders per household per year, say sources. A section of the Congress and its allies - the Trinamool Congress, NCP and DMK have been demanding a rollback of the cap on LPG cylinders. Sources say Finance Minister P Chidambaram and Petroleum Minister...

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