-The Hindu Business Line Only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19, shows data The amount of money disbursed as LPG subsidy by the Centre has been steadily coming down since 2019-20. According to the Ministry of Petroleum and Natural Gas, only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19. This was when the maximum number of...
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Central excise duty on petrol and diesel cut, says FM Nirmala Sitharaman -Vikas Dhoot
-The Hindu The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. Finance Minister Nirmala Sitharaman unveiled a slew of measures to rein in runaway inflation on Saturday evening, including duty cuts on petroleum products, a ₹200 subsidy on LPG cylinders for the poor and a rejig of import duties on plastic and steel products. A reduction in central excise...
More »Retail inflation is not just about petrol, diesel -TS Ramakrishnan
-The Hindu Business Line Rather than cut fuel prices, encouraging farmers to step up cultivation of oilseeds and raising LPG subsidy and vegetables will ease food inflation It is true that a reduction in the prices of petro products will result in a modest fall in the prices of various commodities. However, the reduction in petro prices will happen only when both Central and State governments forgo a substantial portion of the...
More »Rising prices cause concern among BJP election managers -JP Yadav
-The Telegraph We are facing angry women who shout at us saying they don’t have the money to get LPG refills, says MLA Reports of voter discontent stemming from the rising prices of essential goods and services, from food grains and cooking gas to mobile top-ups, have caused concern among BJP election managers in the five poll-bound states. Four of these states — Uttar Pradesh, Uttarakhand, Goa and Manipur — are ruled directly...
More »In Just One Year, We’re Paying Over Rs. 300 More for LPG Cylinder! -Subodh Varma
-Newsclick.in Petrol and diesel prices have also zoomed, as Modi government rakes in over Rs.3.73 lakh crore as tax. The Central government continues to squeeze millions of Indians by relentlessly raising the prices of essential fuels, such as cooking gas and petrol/diesel. In the past one year, the price of a standard 14.2 kg cylinder of cooking gas (LPG) has been hiked by an incredible Rs.301.75, from Rs.604.63 (average of four metros)...
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