-The Times of India MUMBAI: Consumers may get some relief as oil marketing companies (OMCs) plan to revise petrol prices downward due to falling international crude oil prices and a strengthening rupee. The Indian basket of crude oil fell to $106.74 on September 20 from $116 five days earlier, according to data published by the oil ministry. The rupee, which hit a four-month-high of 53.47 on September 21, is expected to strengthen...
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Govt cushions impact of subsidy waiver of LPG
-The Times of India In a relief to consumers, the home minister P Chidambaram on Friday announced abolishment the import and excise duties on non-subsidized domestic LPG cylinders, bringing down their price by Rs 97 a unit in Delhi. It also asked states to subsidize LPG cylinders. The government had last week restricted supply of subsidized cooking gas to six per household in a year. Any requirement beyond this was to be...
More »LPG ball in Bengal’s court -Sambit Saha
-The Telegraph Non-subsidised domestic cooking gas will cost Rs 832 per cylinder in Calcutta following the Centre’s decision to forego customs and excise duties that add up to Rs 103.50 apiece. However, if the Bengal government drops local levies, consumers can save Rs 52.50 more as the price will fall further to about Rs 780 a cylinder. According to new rules, every family will have to pay the market rate once it crosses...
More »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...
More »AP government in dilemma over Centre raising subsidised LPG cap
-PTI HYDERABAD: Cash-starved Andhra Pradesh government is finding it tough to honour the Congress high command's directive on increasing the subsidised LPG quota from six to nine cylinders per family a year. The government, that is surviving by selling its securities every month to raise funds, is not in a position to foot the additional subsidy bill on LPG, sources said. Preliminary estimates suggest that the state government will have to bear a...
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