Oil Subsidy

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.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Government has limited subsidy on cooking gas LPG for only 9 crore poor women and other beneficiaries who got free connections under Ujjwala scheme

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 to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday.

Government's plans to blend 20 per cent ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor said

LPG Price October 2020: The amount of subsidy provided by the government on the annual quota of 12 refills varies from month to month. The subsidy is determined broadly by factors such as crude oil and foreign exchange rates.

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).

Sources said that taking advantage of low oil prices, the government may give nod to state-run oil marketing companies to increase the price of subsidised LPG cylinder gradually so that entire subsidy paid under direct benefit transfer scheme (DBT) to eligible consumers is eliminated in one year's time.

The government feels that lower price of fuel under CGD projects would allow bigger ashift of people to cleaner fuel.

LPG rates: Currently, the LPG prices are reviewed by retailers on a monthly basis, based on international crude oil and rupee-dollar foreign exchange rates. The amount of subsidy - credited directly to the consumers' bank accounts - on LPG cylinders varies from month to month.

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.

Indian Oil said the subsidy transfer in the customer's bank account has been increased to Rs 433.66 per cylinder in the next month, as against Rs 376.60 per cylinder this month.

In August, LPG will be sold at subsidised and non-subsidised rates of Rs 498.02 per cylinder and Rs 789.5 per cylinder in Delhi respectively. Indian Oil, the country's largest fuel retailer, attributed the action on LPG prices to "change in international price and foreign exchange fluctuations".

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.

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.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Government has limited subsidy on cooking gas LPG for only 9 crore poor women and other beneficiaries who got free connections under Ujjwala scheme

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 to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday.

Government's plans to blend 20 per cent ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor said

LPG Price October 2020: The amount of subsidy provided by the government on the annual quota of 12 refills varies from month to month. The subsidy is determined broadly by factors such as crude oil and foreign exchange rates.

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).

Sources said that taking advantage of low oil prices, the government may give nod to state-run oil marketing companies to increase the price of subsidised LPG cylinder gradually so that entire subsidy paid under direct benefit transfer scheme (DBT) to eligible consumers is eliminated in one year's time.

The government feels that lower price of fuel under CGD projects would allow bigger ashift of people to cleaner fuel.

LPG rates: Currently, the LPG prices are reviewed by retailers on a monthly basis, based on international crude oil and rupee-dollar foreign exchange rates. The amount of subsidy - credited directly to the consumers' bank accounts - on LPG cylinders varies from month to month.

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.

Indian Oil said the subsidy transfer in the customer's bank account has been increased to Rs 433.66 per cylinder in the next month, as against Rs 376.60 per cylinder this month.

In August, LPG will be sold at subsidised and non-subsidised rates of Rs 498.02 per cylinder and Rs 789.5 per cylinder in Delhi respectively. Indian Oil, the country's largest fuel retailer, attributed the action on LPG prices to "change in international price and foreign exchange fluctuations".

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.