21
Wednesday
February 2018
3:05 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Kerala News
Faster price hike to end cooking gas subsidy
 
New Delhi, July 31: The government has asked oil marketing firms to increase cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all subsidies by March. The directive is based on the assumption that international rates will soften in the coming months.

"The government, vide its order dated May 30, 2017, has authorised OMCs to continue to increase the effective price of subsidised domestic LPG by Rs 4 per cylinder, effective June 1, 2017, per month (excluding VAT) till the reduction of government subsidy to 'nil', or till March 2018, or till further orders, whichever is earliest," oil minister Dharmendra Pradhan said.

The government had earlier asked the oil marketing companies to increase the price of subsidised LPG by Rs 2 per cylinder from July 1, 2016. Now, the amount has been doubled, Pradhan said in a written reply to the Lok Sabha.

Officials said the government expected international LPG prices to soften in the coming months, which would help to wipe out the cooking gas subsidy. At present, a subsidised 14.2 cylinder is priced at Rs 480.32 in Calcutta, while non-subsidised LPG costs Rs 584. At current prices, the subsidy works out to Rs 103.68 per cylinder. Every household is entitled to 12 subsidised cylinders in a year.

The officials explained that the government intended to end the difference between subsidised and non-subsidised cylinders at the earliest. However, if there is a steep increase in global LPG rates, the time frame set for ending the subsidy could be reviewed.


'Kudumbashree' to foray into e-commerce
Pandalam woman jumps to death from hospital building
SC to hear tomorrow actress Priya Varrier's plea
Shuhaib murder: Police find crucial lead
TP murder accused killed Shuhaib too, says Sudhakaran
Private bus strike called off in Kerala
Shuhaib murder: Party leaders begin fast
Robots to soon clean up manholes in State
Private bus strike: KSRTC emerges winner, collects crores
Policeman found hanging
Shuhaib's murder: Six in police custody
Cracker factory accident at Pathanamthitta: 2 dead
Actress attack case: Search to locate mobile and memory card stopped
Vice President cautions against mixing religion and politics
Nine year old falls victim to accidental strangulation
Christian Priest accused of rape in Kaduthuruthy
Husband murders wife, ends life at Irinjalakkuda
Won't take initiative for talks with bus owners: Saseendran
Indefinite private bus strike starts in Kerala
RSS must be banned instead of Popular Front: Pinarayi Viajyan
ENTERTAINMENT NEWS
New poster of Irrfan Khan Starrer 'Blackmail released
 (Feb 17, 2018): After receiving an incredible response on the teaser of the film, the makers  
Justin Bieber to take part in NBA celebrity game
Trailer of 'Pari' out !
Filmmaker Sajid Nadiadwala gets honoured by Italian Consulate
INTERNATIONAL NEWS
Palestinian leader goes to the UN to counter US on Jerusalem
 (Feb 20, 2018): Palestinian leader Mahmud Abbas will urge world powers at the UN Security Cou
Maldives leader seeks approval to extend state of emergency
Imran Khan ties knot for third time, confirms party
Lanka Army enlists 11 former LTTE members
NATIONAL NEWS
J-K youths, children meet President
 (New Delhi, Feb 20, 2018): Youths and children, who were hit by militancy in Jammu and Kashm
SBI Card cautions customers against Bitcoin investment
Cong, CPI-M demand discussion on PNB fraud
CBI refuses to disclose expenses incurred to bring back Vijay Mallya, Lalit Modi
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.