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'Fuel Subsidy' - 27 Video Result(s)

'Fuel Subsidy' - 106 News Result(s)

  • Government to Give Rs 1,300 Cr Kerosene Subsidy for Q1

    Government to Give Rs 1,300 Cr Kerosene Subsidy for Q1

    The Finance Ministry will pay state-owned fuel retailers Rs 1,300 crore cash subsidy for kerosene for the first quarter ended June 30, but the same on LPG will be decided later.

  • Finance Ministry Sanctions Rs 5,223 Crore Fuel Subsidy for IOC, BPCL: Report

    Finance Ministry Sanctions Rs 5,223 Crore Fuel Subsidy for IOC, BPCL: Report

    The Finance Ministry has sanctioned Rs 5,223 crore fuel subsidy for the January-March quarter to cover almost all of the revenue loss that the two retailers suffered on selling domestic cooking gas (LPG) and kerosene at government rates.

  • Government to Pay For ONGC, OIL Q4 Fuel Subsidy: Report

    Government to Pay For ONGC, OIL Q4 Fuel Subsidy: Report

    Under-recoveries, or revenue retailers' loss on selling fuel below cost, of Rs 67,091 crore in first nine months of the fiscal were fully accounted for by the subsidy support and dole out from upstream firms like ONGC.

  • ONGC, Oil India, RIL To Be Hit By Gas Price Cut: PwC

    ONGC, Oil India, RIL To Be Hit By Gas Price Cut: PwC

    The government is likely to exempt oil producers ONGC and Oil India from payment of fuel subsidy in the fourth quarter ending March 31, a senior Petroleum Ministry official said recently.

  • ONGC, Oil India May Be Exempted from Subsidy in March Quarter: Report

    ONGC, Oil India May Be Exempted from Subsidy in March Quarter: Report

    State-backed oil producers Oil and Natural Gas Corp and Oil India may be exempt from paying subsidies to fuel retailers in the March quarter, a source familiar with the plan said on Friday.

  • Subsidy Rs 3.77 Lakh Crore, Targeted Beneficiaries Few: Economic Survey

    Subsidy Rs 3.77 Lakh Crore, Targeted Beneficiaries Few: Economic Survey

    Subsidies on food, fuel, fertiliser and others amount to a staggering Rs 3.77 lakh crore but reach only a few of the targeted poor, according to the Economic Survey.

  • Jaitley May Slash Subsidy Bill by 20%: Report

    Jaitley May Slash Subsidy Bill by 20%: Report

    Nearly $6.5 billion of the total savings could come from lower fuel subsidy costs.

  • Oil India December Quarter Net Halves to Rs 498 Crore

    Oil India December Quarter Net Halves to Rs 498 Crore

    State-owned Oil India Ltd on Sunday reported halving of its December quarter net profit as it was hit by low oil prices and fuel subsidy payout.

  • Government Sanctions Rs 5,085 Crore in Oil Subsidy: Report

    Government Sanctions Rs 5,085 Crore in Oil Subsidy: Report

    A total of Rs 15,981 crore in revenue was lost by fuel retailers on selling PDS kerosene and domestic LPG at government-controlled rates in October-December. Of this, the Finance Ministry issued letter providing for less than one-third of this as cash subsidy, official sources said.

  • 'Don't Relax. $45-50 Oil a Temporary Phenomenon'

    'Don't Relax. $45-50 Oil a Temporary Phenomenon'

    The tumble in global crude prices has been a big benefit for countries like India, which imports nearly four-fifth of its oil requirement. Apart from lower fuel prices and hence lower inflation, the Indian government's subsidy burden also eases significantly.

  • IMF Lauds India for Cutting Fuel Subsidy

    IMF Lauds India for Cutting Fuel Subsidy

    The International Monetary Fund (IMF) has lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies.

  • ONGC to be Exempted From Subsidy Payment in FY15: Report

    ONGC to be Exempted From Subsidy Payment in FY15: Report

    The government is likely to exempt Oil and Natural Gas Corp (ONGC) and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal year due to a steep decline in global oil rates to around $50 per barrel.

  • LPG Consumers to Get Cash Subsidy in Bank Accounts From January 1

    LPG Consumers to Get Cash Subsidy in Bank Accounts From January 1

    LPG consumers across the country will from January 1 get cash subsidy directly into their bank accounts so that they buy the cooking fuel at market price.

  • Direct LPG Subsidy Transfer to Users Across India From January

    Direct LPG Subsidy Transfer to Users Across India From January

    Beginning new year, LPG consumers across the country will start getting cash subsidy so that they can buy the cooking fuel at market price.

  • Oil Ministry to Cut Subsidy Burden of ONGC, Adjust Cess Payment: Report

    Oil Ministry to Cut Subsidy Burden of ONGC, Adjust Cess Payment: Report

    In a big boost to Oil and Natural Gas Corp (ONGC), the Oil Ministry is reworking the fuel subsidy sharing formula to cut its payout by a quarter through adjustment of statutory oil cess against its share. Shares in ONGC rose nearly 1.7 per cent on Monday.

  • Tamil Nadu Chief Minister Writes to PM Against Scrapping Kerosene Subsidy

    Tamil Nadu Chief Minister Writes to PM Against Scrapping Kerosene Subsidy

    The Tamil Nadu government today urged the Centre to instruct the Finance Ministry to reconsider its decision to scrap supply of subsidised kerosene through the public distribution system and to restore monthly allocation of the fuel to the state.

  • Sugar Stocks Jump on Export Subsidy Hopes

    Sugar Stocks Jump on Export Subsidy Hopes

    Last month, the Cabinet Committee on Economic Affairs had decided to implement the mixing of five per cent ethanol in petrol, a step which will help the country save around 100 crore litres of fuel every year.

  • Oil Ministry Seeks Rs 8,183 Crore in Fuel Subsidy: Report

    Oil Ministry Seeks Rs 8,183 Crore in Fuel Subsidy: Report

    The Oil Ministry has sought over Rs 8,183 crore cash subsidy to make good one-third of the losses that retailers like Indian Oil Corp (IOC) incurred on selling diesel and cooking fuel below cost in the September quarter.

  • Subsidy Shake-up to Undercut Asian Diesel Demand

    Subsidy Shake-up to Undercut Asian Diesel Demand

    A prolonged period of weak demand is expected to reduce margins for refineries that produce the transport and industrial fuel, traders and analysts said. The Asian gasoil margin is already set for its worst quarter in October-December since late 2010, according to Reuters data, hurt by slower economic growth and a supply glut from new refining capa...

  • Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.

  • Government Oil Subsidy Bill Likely to be Cut by Over 60 Per Cent in FY15

    Government Oil Subsidy Bill Likely to be Cut by Over 60 Per Cent in FY15

    With international oil prices dropping to multi-year lows, government's oil subsidy bill is likely to be slashed by over 60 per cent in the current fiscal year.

  • Diesel Prices Might Drop By Rs 2.50/litre After State Polls

    Diesel Prices Might Drop By Rs 2.50/litre After State Polls

    A Rs 2.50 per litre cut in diesel prices and a little less than Re 1 a litre on petrol is in offing as international oil rates fell to a 27-month low. Prices may be cut after Maharashtra and Haryana assembly elections are completed on October 15.

  • Splitting Subsidy With Oil Producers Credit Positive: Moody's

    Splitting Subsidy With Oil Producers Credit Positive: Moody's

    Global rating agency Moody's Investors Service has said the Oil Ministry's plan to divide fuel subsidies equally between the government and the two state-owned upstream oil and gas producers namely ONGC and Oil India, is credit positive for both companies.

  • Oil Marketing Companies to Get Rs 11,000 Crore on Subsidy in Q1

    Oil Marketing Companies to Get Rs 11,000 Crore on Subsidy in Q1

    Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like ONGC.

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