Govt's oil subsidy bill exceeds Rs 460 billion at end of September

Its 84 per cent higher than the budgeted estimate of Rs 250 billion for the whole financial year

The government’s oil subsidy burden has already exceeded Rs 460 billion — almost 84 per cent higher than the budgeted estimate of Rs 250 billion for the whole financial year, Business Standard has learnt.
 
“By the end of September, the subsidy burden on cooking gas increased to over Rs 390 billion and that of kerosene to Rs 70 billion,” said a senior official. In FY18, the subsidy for cooking gas was Rs 208.8 billion and that for kerosene was Rs 46.72 billion.
 
The government has recently cut Rs 1.5 per litre on excise duty of petrol and diesel,