Oil Subsidies
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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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Pakistan Hikes Fuel Prices To Unlock IMF Funding
The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.
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Pakistan Hikes Fuel Prices To Unlock IMF Funding
The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.
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India's Plans For 20% Ethanol-Blending Will Cut Sugar Subsidy: Report
India's plans to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday.
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"Didn't Hide," Says Nirmala Sitharaman On Data-Fudging Allegations In Rajya Sabha
Finance Minister Nirmala Sitharaman on Tuesday said that while the current government has been transparent in declaring extra-budgetary expenses, the previous UPA regime chose to keep its books clean by pushing its liabilities from oil subsidies to the state-run oil marketing companies (OMCs).
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Odisha Lawmaker Got Rs 1850 LPG Subsidy Meant For Poor: Oil Minister
Union minister Dharmendra Pradhan Wednesday took a jibe at an Odisha minister for not forgoing subsidy on gas cylinder for the sake of welfare of the poor and said that Naveen Patnaik's cabinet colleague SN Patro received Rs 1850 as subsidy under the cooking gas scheme this year.
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To Control Prices, Government Increases LPG Subsidy To 60 Per Cent
Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
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Rich Nations Spend $100 Billion On Fossil Fuels Despite Climate Pledges
The world's major industrial democracies spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vows to end fossil fuel subsidies by 2025, a report said on Monday ahead of the G7 summit in Canada.
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Airtel Payments Bank To Return Rs 190 Crore Cooking Gas Subsidy
Airtel came under fire after LPG subsidy worth crores was deposited in its payments bank accounts.
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'Immediately' Return Cooking Gas Subsidies: Hindustan Petroleum To Airtel
The oil company said the decision came after it got a large number of complaints from consumers.
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Oil Morphs From PM Modi's Blessing To Burden. This Is Why
While low prices helped shrink deficits as PM Modi cut subsidies after taking the reins of Asia's third-largest economy in 2014, a 33 percent jump in global benchmark crude since June has lifted oil close to $65 a barrel.
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Subsidy On LPG Cylinders For Poor To Continue: Union Oil Minister
In July the government had ordered state-run oil companies to eliminate LPG subsidies by March, 2018.
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Cooking Gas (LPG) Price Hiked By Rs 2 Per Cylinder
Oil Minister Dharmendra Pradhan had told Lok Sabha that the government has asked state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year.
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Government Cheating The Poor With Cooking Gas Price Hike, Says Opposition
The government's move to raise the price of cooking gas by Rs 4 every month till next March triggered a huge row in parliament's upper house today. The rich, the opposition contended, had voluntarily given up subsidy on cooking gas so the poor could have the benefit. Now the government was eliminating subsidy even for the poor, that too at a time w...
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LPG Cylinder Prices To Be Hiked By Rs 4 Every Month
The government has ordered state-run oil companies to raise LPG cylinder prices by Rs 4 every month.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
Pakistan Hikes Fuel Prices To Unlock IMF Funding
The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.
-
Pakistan Hikes Fuel Prices To Unlock IMF Funding
The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.
-
India's Plans For 20% Ethanol-Blending Will Cut Sugar Subsidy: Report
India's plans to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday.
-
"Didn't Hide," Says Nirmala Sitharaman On Data-Fudging Allegations In Rajya Sabha
Finance Minister Nirmala Sitharaman on Tuesday said that while the current government has been transparent in declaring extra-budgetary expenses, the previous UPA regime chose to keep its books clean by pushing its liabilities from oil subsidies to the state-run oil marketing companies (OMCs).
-
Odisha Lawmaker Got Rs 1850 LPG Subsidy Meant For Poor: Oil Minister
Union minister Dharmendra Pradhan Wednesday took a jibe at an Odisha minister for not forgoing subsidy on gas cylinder for the sake of welfare of the poor and said that Naveen Patnaik's cabinet colleague SN Patro received Rs 1850 as subsidy under the cooking gas scheme this year.
-
To Control Prices, Government Increases LPG Subsidy To 60 Per Cent
Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
-
Rich Nations Spend $100 Billion On Fossil Fuels Despite Climate Pledges
The world's major industrial democracies spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vows to end fossil fuel subsidies by 2025, a report said on Monday ahead of the G7 summit in Canada.
-
Airtel Payments Bank To Return Rs 190 Crore Cooking Gas Subsidy
Airtel came under fire after LPG subsidy worth crores was deposited in its payments bank accounts.
-
'Immediately' Return Cooking Gas Subsidies: Hindustan Petroleum To Airtel
The oil company said the decision came after it got a large number of complaints from consumers.
-
Oil Morphs From PM Modi's Blessing To Burden. This Is Why
While low prices helped shrink deficits as PM Modi cut subsidies after taking the reins of Asia's third-largest economy in 2014, a 33 percent jump in global benchmark crude since June has lifted oil close to $65 a barrel.
-
Subsidy On LPG Cylinders For Poor To Continue: Union Oil Minister
In July the government had ordered state-run oil companies to eliminate LPG subsidies by March, 2018.
-
Cooking Gas (LPG) Price Hiked By Rs 2 Per Cylinder
Oil Minister Dharmendra Pradhan had told Lok Sabha that the government has asked state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year.
-
Government Cheating The Poor With Cooking Gas Price Hike, Says Opposition
The government's move to raise the price of cooking gas by Rs 4 every month till next March triggered a huge row in parliament's upper house today. The rich, the opposition contended, had voluntarily given up subsidy on cooking gas so the poor could have the benefit. Now the government was eliminating subsidy even for the poor, that too at a time w...
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LPG Cylinder Prices To Be Hiked By Rs 4 Every Month
The government has ordered state-run oil companies to raise LPG cylinder prices by Rs 4 every month.
