Cooking Gas Subsidy

'Smokeless' LPG bringing tears to eyes as prices rise 30% in one year

LPG rates this week were hiked by Rs 50 per 14.2-kg cylinder, taking the total increase in last one year to Rs 244 or 30 per cent.

Centre may allocate Rs 44,000 cr to oil firms to compensate for LPG losses

The central government is planning to allocate Rs 44,000 crore as compensation to oil companies for losses they have been bearing by selling LPG at below-market rates, a report said

Govt to give Rs 200 per cylinder subsidy to poor for 12 cylinders in a year

The govt will give Rs 200 per cylinder subsidy to Ujjwala Yojana beneficiaries for 12 cylinders in a year to help ease some of the burden arising from cooking gas rates rising to record levels

Domestic LPG cylinder price hiked by Rs 3.50; to now cost Rs 1,003

The hike comes on the back of a Rs 50 per cylinder increase effected on May 7

Huge decline in domestic gas subsidy borne by Centre in 3 years: RTI

The RTI reply revealed that in 2018-19, three state-run OMCs paid Rs 37,585 crore as subsidy, which came down to only Rs 2,706 crore in FY22 till December, Kolarkar told PTI

LNG in post-Covid era: How global demand and supply will shape India market

India has set a target of raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.72 per cent

Centre allocates Rs 4,000 crore for Direct Benefit Transfer of LPG subsidy

Lower subsidy allocation for disbursing new connections to poor indicates saturation of new PMUY beneficiaries

Oil Ministry mulls reinstating subsidised LPG prices, survey in progress

Centre assessing appropriate price at which subsidy should resume

How govt saved over Rs 20,000 cr by silently applying brakes on LPG subsidy

While there was no need for subsidy in the low-oil-price phase of 2020, LPG prices have zoomed in 2021. But the Centre has not transferred subsidy at any point this year

Price of cooking gas hiked for the third time by Rs 25 per cylinder

The latest increase in subsidised LPG price now has taken the cumulative rate hike since January 1 to Rs 190 per cylinder

Govt eliminates cooking gas subsidy as Covid-19 turns oil market favourable

The government has completely eliminated the need to provide subsidy on domestic cooking gas as the global fall in oil prices has brought the price of the common man's fuel closer to market rates.

BPCL consumers to get cooking gas subsidy after privatisation too

Move may open up subsidised LPG sector to private marketers

Govt changes policy to distribute free cooking gas cylinders: Details here

Earlier, beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY) were entitled to three free liquefied petroleum gas (LPG) cylinders effective April 1 to June 30 this year.

Non-subsidised LPG cylinder price slashed by over Rs 160; check rates here

This is a third straight monthly reduction in the price of LPG cylinders and comes on the back of falling international rates

Covid-19 outreach and Modi's second big experiment in social mobilisation

After his successful experiment with cooking gas subsidy, the PM's second such exercise - the call for a 'janata curfew' - could be precursor to more ambitious follow-through steps, writes T N Ninan

Better consumption brightens growth prospects of gas utility companies

Fertiliser and city gas segments set to fuel growth; power demand may revive soon

Make cooking gas cheaper for poor, remove subsidy for rich: Study

By distributing 73 million connections (as on July 14, 2019), the Ujjwala scheme has met 91.25% of its target of 80 million connections to poor households by 2020

Amid rising crude oil prices, govt may have headache on cooking gas subsidy

New Delhi, 2 AprilWhile petrol and diesel prices have risen to historic highs, it is that of cooking gas that is likely to be a bigger cause of concern for the government and its three oil marketing companies (OMCs). Experts believe for 2018-19, with global prices moving to a higher range, the government subsidy for liquefied petroleum gas (LPG) is likely to be at least Rs 110 billion higher than the budgeted Rs 217 bn.Since product prices are benchmarked to their respective global indices, the OMCs have increased the price of a non-subsidised LPG cylinder by Rs 35.50 to Rs 653.50, as against Rs 689 on March 1. They, however, cut the price of a subsidised one by Rs 1.74 to Rs 491.35 in Delhi on April 1, indicating an increase in the subsidy. For the first nine months of 2017-18 (the year ended March 31), the subsidy outgo was Rs 141.7 bn, as compared to Rs 121.3 bn for all of 2016-17. The price of a subsidised gas cylinder rose Rs 50.45 over the past year -- it was Rs 440.9 on April ..

Letters: Have car, don't need sop

Apropos A K Bhattacharya's article, "Towards a new cooking gas regime", I agree that the criterion for granting subsidy to the rich should be determined on the basis of identifiable physical assets.The easiest way to do this is on the basis of car ownership. If a person can afford to maintain a car, his/her family should be in no need of a cooking gas subsidy. As the database of car owners is in existence, it should not be difficult to implement the proposal. Further, at the time of new car purchases, owners should be asked to produce a certificate from the gas agencies cancelling their gas subsidy.Navin Bhatia via emailLetters can be mailed, faxed or e-mailed to:The Editor, Business StandardNehru House, 4 Bahadur Shah Zafar MargNew Delhi 110 002Fax: (011) 23720201E-mail: letters@bsmail.inAll letters must have a postal address and telephone number