-The Hindustan Times The government is hoping to substantially negate the political fallout of higher diesel and cooking gas (subsidised LPG cylinder) prices by doubling the cap on the number of subsidised LPG cylinders from six to 12 a year. A proposal to this effect has  been readied for a final decision by the Cabinet, a senior government official confirmed to HT. Such a move will “substantially mollify” people who are...

-The Hindu Subsidies on cooking gas, kerosene and diesel have resulted in perverse outcomes not envisaged when they were introduced With the Aadhaar-based direct cash transfer scheme facing so many glitches in implementation, any hopes that the country’s energy sector can soon dismount the subsidy tiger it has been riding so dangerously have receded into the background. Had the Aadhaar scheme worked satisfactorily, the next logical step would have been to extend...

-PTI The oil ministry has proposed a Rs 3-4.50 per litre hike in diesel price and Rs 100 in LPG rates along with raising the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six. The ministry has moved a note for consideration of the Cabinet proposing options for meeting a record Rs 160,000 crore deficit arising from selling auto and cooking fuels below...

-The Times of India Brace for higher fuel bills as the government has formally started the consultation process for raising diesel and cooking gas prices - the latter with an increased annual cap of nine subsidized refills - in line with the recommendations of a finance ministry panel. The committee under former bureaucrat Vijay Kelkar, tasked to suggest a roadmap for cutting fiscal deficit, has suggested raising diesel price periodically to align...

-The Economic Times The oil ministry may raise prices of diesel by Re 1 a litre or that of cooking gas by Rs 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. "A Re 1 hike in diesel prices would generate about Rs 8,000 crore a year, which is sufficient for three additional cylinders in a year. About Rs 100 hike...