-The Business Standard Gas cylinder cap has lessons for the future Of all the decisions that the United Progressive Alliance government took last week to end a long period of policy paralysis, the one that has caused the least provocation to opposition political parties is the annual capping of the supply of subsidised cooking gas cylinders. This is surprising, as its net effect on a householder’s annual budget will likely be substantial....
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Petrol to cost Rs 5 more this weekend; diesel, cooking gas to follow soon-Piyush Pandey
-The Times of India State-owned oil marketing companies (OMCs) are all set to increase price of petrol by Rs 5 a litre with effect from Saturday, while the prices of diesel, cooking gas and kerosene will be increased next week once Congress president Sonia Gandhi returns after her medical checkup on September 10. A cabinet note on increasing the prices of sensitive petroleum products like diesel, cooking gas and kerosene has already...
More »Govt mulling opening LPG distribution agencies in every block of country
-News on Air The government is considering to open Liquified Natural Gas, LPG distribution agencies in every block of the country to bring it within the reach of the common man. This was stated by the Minister of State for Petroleum and Natural Gas Mr. RPN Singh in the Lok Sabha yesterday. He informed that during 2009-12, public sector oil marketing companies (OMCs) commissioned 905 regular LPG distributorships and 1,026 Rajiv Gandhi...
More »Government agrees in-principle to free diesel prices: Finance Ministry
-PTI The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas. "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha. While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a...
More »It’s the executive’s job to fix fuel prices, not court’s: Supreme Court
-The Times of India The Supreme Court on Monday said pricing of petrol and diesel determined by a complex mechanism fell exclusively within executive's policy domain and refused to entertain a public interest litigation demanding rollback of repeated sharp hikes in motor fuel prices. Ex-MP P C Thomas had filed the appeal in the apex court challenging a Kerala high court's decision to dismiss his PIL questioning "irrational and hypothetical fixation of...
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