Kerosene Subsidy

Sri Lanka's CPC hikes kerosene prices by 253 LKR in a bid to cut losses

Amid the continuing economic crisis, Sri Lanka's state-owned fuel distributor Ceylon Petroleum Corporation (CPC) has hiked the price of kerosene to cut losses

Top headlines: Govt says farm reforms will continue, fraud apps gain users

The Centre's push to phase out kerosene is a work in progress, a decade after the move towards rationalising the allocation of the fuel to states. Read more in today's top headlines

Central govt's push to phase out kerosene still a 'work in progress'

For now, most states still seek kerosene allocations

Govt eliminates subsidy on kerosene through small price hikes

The fuel sold through the public distribution system (PDS) is now priced at market rates.

Low petrol prices, phased rise in LPG rate to bring down subsidy

Analysts say the subsidy burden on both LPG and kerosene is likely to be around Rs 35,000 crore

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

Subsidy on kerosene may go by FY21 as fuel consumption shifts to LPG

On a monthly basis, the government has been increasing the price of subsidised kerosene by 25 paise to phase out the subsidy

Kerosene subsidy bill builds up 21% to Rs 5,800 cr in FY19; LPG jumps 49.4%

The rise in subsidy burden on LPG was because of an increase in consumption and a rise in international prices during the period

Kerosene subsidy may go by 2020

The government, say officials, hopes to end the subsidy on kerosene by 2020. "We expect at least 95 per cent penetration (into households) of liquefied petroleum gas through the Pradhan Mantri Ujjwala Yojana (PMUY, on cooking gas connections to the poor) and also 100 per cent electrification (pushed by the Saubhagya scheme) to be a reality by 2020. With the consumption of kerosene declining on a daily basis, the aim is to do away with the subsidy by then," said an official. While there could be an increase in the subsidy on LPG (cooking gas), analysts said there would not be much net increase. For the first six months of the financial year (April-September), the cumulative subsidy claims on LPG and kerosene to the petroleum ministry stood at Rs 9,079 crore. This will rise with the recent increase in global oil prices.Kerosene subsidy is expected to decline by 40 per cent from Rs 7,595 crore in 2016-17, to Rs 4,500 crore this financial year.According to the ministry's Petroleum ...

Better targeting of kerosene subsidy is govt's next agenda: Jaitley

With an aim to take PDS kerosene to the targeted beneficiary, it has been decided to implement DBTK in 2016-17.