Lpg Cap

Move over subsidised LPG cylinders. Soon there will be subsidised regional flights all over the country. The Cabinet is all set to approve the National Civil Aviation Policy that will give a big boost to regional connectivity where a regional air ticket will be sold on a subsidy just like LPG cylinder. The policy has proposed that airfares for all ...

The government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said on Monday.

In a relief to consumers, the Cabinet on Wednesday lifted the restriction of supply of only one subsidised cooking gas LPG cylinder to a household in a month, saying consumers can avail their quota of 12 bottles at any time of the year.

The government had raised the annual cap on supply of cheaper LPG from nine to 12 cylinders of 14.2-kg each on January 30. It was inferred this meant one cylinder in a month.

As subsidy bill balloons to $26 billion and oil and natural gas production stagnates, the Oil Ministry feels national oil companies like ONGC are losing focus on their core competence has led to this insipid situation.

The government had raised the annual cap on supply of cheaper LPG from nine to 12 cylinders of 14.2-kg each on January 30. It was inferred this meant one cylinder in a month.

Ahead of the general elections due by May this year, the Cabinet raised the quota of subsidised LPG cylinders to 12 from nine, effective from February 1.

The Cabinet Committee on Economic Affairs (CCEA) may raise the subsidised LPG (liquefied petroleum gas) cylinder quota from 9 to 12 per household per year at the next meeting, Petroleum Minister M Veerappa Moily said on Friday.

With Congress vice president Rahul Gandhi pitching strongly for a higher LPG cap, Oil Minister M Veerappa Moily today said the Cabinet is likely to consider increasing the quota of subsidised cooking gas cylinders to 12 from nine per household this week.

Raising the cap on the number of subsidized LPG cylinders will lead to an additional subsidy burden of Rs 4,000 crore for the government, analysts estimated.

Shortly after he finished speaking, Oil Minister Veerappa Moily announced that it would be done. Two weeks ago, he had said that there was no such proposal to raise the subsidy cap, though several Congress leaders and chief ministers had raised the demand.

The government today announced that it would raise the quota of subsidized cooking gas, moments after Rahul Gandhi forcefully raised the demand at a Congress party platform.

Oil Minister M Veerappa Moily has said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household per year.

Disapproving the Centre's diesel deregulation move, UPA's key ally DMK on Friday demanded that the government reconsider it and raise the subsidised LPG cylinder cap to 12 from the proposed nine. It also asked the Centre not to invite the wrath of the poor on cooking gas.

While the price of petrol is purely market-determined, diesel is still under government control, even though oil firms now have the freedom to make minor revisions in the price.

Move over subsidised LPG cylinders. Soon there will be subsidised regional flights all over the country. The Cabinet is all set to approve the National Civil Aviation Policy that will give a big boost to regional connectivity where a regional air ticket will be sold on a subsidy just like LPG cylinder. The policy has proposed that airfares for all ...

The government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said on Monday.

In a relief to consumers, the Cabinet on Wednesday lifted the restriction of supply of only one subsidised cooking gas LPG cylinder to a household in a month, saying consumers can avail their quota of 12 bottles at any time of the year.

The government had raised the annual cap on supply of cheaper LPG from nine to 12 cylinders of 14.2-kg each on January 30. It was inferred this meant one cylinder in a month.

As subsidy bill balloons to $26 billion and oil and natural gas production stagnates, the Oil Ministry feels national oil companies like ONGC are losing focus on their core competence has led to this insipid situation.

The government had raised the annual cap on supply of cheaper LPG from nine to 12 cylinders of 14.2-kg each on January 30. It was inferred this meant one cylinder in a month.

Ahead of the general elections due by May this year, the Cabinet raised the quota of subsidised LPG cylinders to 12 from nine, effective from February 1.

The Cabinet Committee on Economic Affairs (CCEA) may raise the subsidised LPG (liquefied petroleum gas) cylinder quota from 9 to 12 per household per year at the next meeting, Petroleum Minister M Veerappa Moily said on Friday.

With Congress vice president Rahul Gandhi pitching strongly for a higher LPG cap, Oil Minister M Veerappa Moily today said the Cabinet is likely to consider increasing the quota of subsidised cooking gas cylinders to 12 from nine per household this week.

Raising the cap on the number of subsidized LPG cylinders will lead to an additional subsidy burden of Rs 4,000 crore for the government, analysts estimated.

Shortly after he finished speaking, Oil Minister Veerappa Moily announced that it would be done. Two weeks ago, he had said that there was no such proposal to raise the subsidy cap, though several Congress leaders and chief ministers had raised the demand.

The government today announced that it would raise the quota of subsidized cooking gas, moments after Rahul Gandhi forcefully raised the demand at a Congress party platform.

Oil Minister M Veerappa Moily has said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household per year.

Disapproving the Centre's diesel deregulation move, UPA's key ally DMK on Friday demanded that the government reconsider it and raise the subsidised LPG cylinder cap to 12 from the proposed nine. It also asked the Centre not to invite the wrath of the poor on cooking gas.

While the price of petrol is purely market-determined, diesel is still under government control, even though oil firms now have the freedom to make minor revisions in the price.