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Lpg Subsidies

Govt plans to give LPG subsidy worth Rs 35,000 cr to IOC, BPCL, and HPCL

The government is likely to provide a subsidy of Rs 35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said. The three fuel retailers have kept the price of domestic LPG unchanged at Rs 803 per 14.2-kg cylinder since March 2024 despite a rise in input raw material cost. This led to under-recoveries on LPG sales, and the resultant drastic fall in their earnings in the April-September (first half of current 2024-25 fiscal year). The total under-recovery on LPG sales for the industry in the current fiscal is estimated at about Rs 40,500 crore. Against this, the government is likely to provide Rs 35,000 crore in total spread over two financial years, two sources with knowledge of the matter said. IOC, BPCL and HPCL are likely to get Rs 10,000 crore during the current 2024-25 fiscal and the remaining Rs 25,000 cror

Govt plans to give LPG subsidy worth Rs 35,000 cr to IOC, BPCL, and HPCL
Updated On : 09 Jan 2025 | 3:38 PM IST

Highlights: Interest rate on small savings scheme to remain unchanged

Latest news updates: Catch all the news updates from around the world here

Highlights: Interest rate on small savings scheme to remain unchanged
Updated On : 08 Mar 2024 | 9:35 PM IST

Govt extends subsidy on LPG for Ujjwala beneficiaries upto 12 refills

The average LPG consumption of PMUY consumers has increased by 29% from 3.01 refills in 2019-20 to 3.87 refills (till January 2024) prorated for 2023-24

Govt extends subsidy on LPG for Ujjwala beneficiaries upto 12 refills
Updated On : 08 Mar 2024 | 6:58 AM IST

North East LPG cylinder carriers of Indian Oil Corp go on indefinite strike

LPG cylinder transporters of Indian Oil Corporation on Wednesday went on an indefinite strike for the second time in less than two months, alleging pending dues and low rates in recently floated tenders. An IOC official, however, termed the strike as illegal. The decision to go for the shutdown was taken after a meeting called by the Food, Public Distribution & Consumer Affairs Department of Assam between IOC and the North East Packed LPG Transporter Association (NEPLTA) failed to yield any solution to the prolonged stalemate. "The government called us yesterday to talk about our demands. We reiterated our old issues, mostly related to pending dues and low rates in the tenders. However, the IOC was reluctant to talk about those," NEPLTA chief adviser Kumud Nath told PTI. The association had also written to the chief secretary on January 5, flagging the same issues and urged him to take necessary steps, he said. "The government had called yesterday's meeting, accordingly, to find .

North East LPG cylinder carriers of Indian Oil Corp go on indefinite strike
Updated On : 31 Jan 2024 | 2:25 PM IST

Ujjwala beneficiaries to get LPG cylinders at Rs 450 from Jan 1: Raj CM

Fulfilling the BJP's poll promise, Rajasthan Chief Minister Bhajan Lal Sharma on Wednesday announced that the state government will provide LPG cylinders at Rs 450 to the beneficiaries of Ujjwala scheme from January 1. Currently, the Ujjwala beneficiaries are getting the domestic gas cylinders at Rs 500 in the state. The chief minister made the announcement in a public programme in Tonk. Later, in a post on X, Sharma said, "Taking inspiration from Prime Minister Narendra Modi's all-inclusive mantra of 'Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas', Rajasthan Government, dedicated to good governance, has made a historic decision to provide gas cylinder at Rs 450 to every BPL and Ujjwala scheme beneficiary family of the state," "Modi ji's guarantee means the guarantee that will be fulfilled," he said. Earlier, Sharma addressed the programme in Tonk and said that the cylinder will be given at Rs 450 and the subsidy will be borne by the state government. The amount will be .

Ujjwala beneficiaries to get LPG cylinders at Rs 450 from Jan 1: Raj CM
Updated On : 27 Dec 2023 | 10:24 PM IST

Rajasthan polls: Cong promises LPG cylinder at Rs 500 to 10.5 mn families

Rajasthan Chief Minister Ashok Gehlot on Wednesday announced two "guarantees" if his Congress party is re-elected in the state -- cooking gas cylinder at Rs 500 to 1.05 crore families and an annual honorarium of Rs 10,000 to the woman head of a family. Addressing a party rally in Jhunjhunu, Gehlot said that under the "Grah Laxmi Guarantee", the woman head of a family will be given Rs 10,000 a year in instalments. He also promised that 1.05 crore families will get LPG cylinder at Rs 500 when the Congress government is formed again in the state. Voting for the 200 assembly seats in Rajasthan will be held on November 25 and the counting of votes will take place on December 3.

Rajasthan polls: Cong promises LPG cylinder at Rs 500 to 10.5 mn families
Updated On : 25 Oct 2023 | 11:36 PM IST

After domestic LPG price reduction, commercial LPG prices cut by Rs 158

In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 KG commercial LPG gas cylinders by Rs 158

After domestic LPG price reduction, commercial LPG prices cut by Rs 158
Updated On : 01 Sep 2023 | 9:16 AM IST

Around 1,400,000 families in Rajasthan to get Rs 640 LPG subsidy today

Gehlot made the announcement on Sunday when he was on a seven-hour visit to Jodhpur for the inauguration of developmental works worth over Rs 1000 crore

Around 1,400,000 families in Rajasthan to get Rs 640 LPG subsidy today
Updated On : 05 Jun 2023 | 1:20 PM IST

After inviting Oppn wrath, Goa govt says free LPG only for the poor

The BJP government in Goa is under attack from the opposition and has also invited the public's wrath for not fulfilling its poll promise of '3 free LPG cylinders'

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Updated On : 09 Apr 2023 | 9:39 AM IST

Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy

The retail selling price (RSP) of a domestic LPG cylinder (14.2 Kg) on April 1, 2019 was Rs 706.50 which increased to Rs 744 in 2020, Rs 809 in 2021 and Rs 949.50 in 2022

Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy
Updated On : 05 Mar 2023 | 9:36 AM IST

LPG subsidy limited, Rs 200 dole for Ujjwala beneficiaries: Official

"There was no subsidy for LPG users since the early days of Covid. Since then the only subsidy is one which had been introduced now for Ujjwala beneficiaries," Oil Secretary Pankaj Jain said.

LPG subsidy limited, Rs 200 dole for Ujjwala beneficiaries: Official
Updated On : 02 Jun 2022 | 10:53 PM IST
Updated On : 01 Jun 2022 | 1:20 AM IST

LPG price hike: Oppn attacks govt, calls for immediate withdrawal

Parties called it cruel and anti-welfare, saying that it would adversely affect the common man

LPG price hike: Oppn attacks govt, calls for immediate withdrawal
Updated On : 01 Aug 2017 | 4:21 PM IST

Plugging LPG subsidy leaks led to Rs 21,000 crore savings: Pradhan

He adds that as many as 3.3 crore fake, ghost and duplicate LPG connections have been blocked

Plugging LPG subsidy leaks led to Rs 21,000 crore savings: Pradhan
Updated On : 07 Feb 2017 | 9:16 PM IST

Letters: On the right path

A K Bhattacharya, in his article, "Towards a new cooking gas regime" (May 11), has not only appreciated the direct benefits transfer of LPG subsidies of the Narendra Modi government for saving more than Rs 27,000 crore and reducing corruption through fake LPG connections, but he has also suggested three sound measures that can be implemented in the next phase of cooking gas reform.The suggested measures are: (i) cooking gas subsidies be abolished as soon as possible and that they not be based on income but on physical assets of consumers; (ii) the principle of the direct benefits transfer scheme be extended to all modes of cooking gas supplies, including the connections issued to poor families in the next three years and; (iii) that Minister of State for Petroleum and Natural Gas Dharmendra Pradhan put into place a plan to strengthen the city gas distribution system across the country through piped cooking gas connections, except for a few small cities and rural areas.If these suggesti

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Updated On : 11 May 2016 | 9:50 PM IST