The cap on cylinders would burden the Centre, which will need to compensate the states for the increased cooking fuel cost.
Overall, Union Budget 2011-12 maintained status quo for the Chemical Industry.
Declining crude price translates into lower under-recoveries for OMCs
Govt targets 1 cr consumers to give up LPG subsidy.
India has emerged as the world's biggest cylinder-based liquefied petroleum gas user with the customer base crossing 7 crore (70 million mark), Petroleum Minister Ram Naik said.
The phased increase of prices is being done to sell the fuel at international prices.
The government has hiked diesel price by Rs 5 per litre, effective midnight tonight.
If you want to see what life was a few decades ago in the megapolis, visit Mumbai's 92-year-old BDD chawls.
In order to end use of kerosene -- which often does not reach the intended beneficiaries -- the Delhi government on Tuesday launched an ambitious scheme, where about 3.5 lakh BPL and poor families will get free LPG cylinders and gas stoves.
In this lockdown, no matter how many similarities the memory dredges up from past events and associations, there is one thing that has no precedent: The isolation that it has imposed on people, reports Arundhuti Dasgupta.
'The trajectory of the disease will keep increasing because of the population density being very high.'
The government wants to bring down the subsidies on kerosene, LPG and diesel in a way that does not impact the people in a major manner and takes away subsidies from people who do not deserve them.
While LPG price was raised by Rs 18, kerosene saw a hike of Rs 3 per litre
The Government of India has supported the states and undertook a series of actions including provisioning medical oxygen, and other consumables to ensure clinical care of COVID-19 patients in view of the steep rise of COVID-19 trajectory in the country during April- May 2021.
The BJP's win in the Uttar Pradesh assembly polls has emboldened the top leadership to pursue a pro-woman agenda.
LPG cash transfer to begin with Mysore, Hyderabad.
Prime Minister Manmohan Singh may convene a meeting of Finance Minister P Chidambaram and Oil Minister Murli Deora within a week to discuss fuel pricing and taxation regime on the sensitive products.
'He has been made CM of Uttarakhand because everybody thinks he is not a challenge to anyone.'
Since taking office in 2014, the prime minister has been working tirelessly, a query through RTI reveals.
Govt looks to take cooking gas to tiger reserves, Naxal-hit areas
'Does the BJP opening up a new assault on Rajiv Gandhi indicate that the BJP's internal calculations are pointing to the election results not going as it hoped, and hence a sign of desperation?' asks Saisuresh Sivaswamy.
'I will give the evidence when the Indian Army constitutes an inquiry. I have given you my statement. Has the army initiated any inquiry?'
In a presentation prepared for the incoming Narendra Modi-government, the ministry listed national oil companies losing focus on domestic exploration as well as legal disputes around signed contracts with private explorers among the five things that went wrong during the United Progressive Alliance regime.
The expectation that Mr Modi would be a major reformer, capable of reinvigorating the Indian economy, were based on a complete misreading of both his actions and his performance as Gujarat chief minister, says Mihir S Sharma.
Delhiites will have to shell out more from their pockets for virtually everything from cooking gas to diesel with Delhi government on Monday withdrawing subsidy on LPG and increasing VAT on many items to "generate" additional revenue.
The Delhi high court had directed the Centre on Tuesday to show cause as to why contempt should not be initiated against it for failing to comply with its order.
A round-up of our favourite photographs from the week gone by
'Flypasts, bands, helicopters dropping flowers over hospitals treating coronavirus patients are cute ideas for an Akshay Kumar film.' 'But when lakhs of workers at the lowest rung of the employment ladder would still be walking back home, this is the true 2020 equivalent of 'let them eat cake,' notes Shekhar Gupta.
The structures appear to be 'lumps' in the thin gas that lies between the stars in our galaxy, researchers said.
A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.
Ministry to propose a new subsidy mechanism to cap upstream firms' share.
The ministerial panel is now likely to meet on June 24 or 25.
It is high time that petrol and diesel prices were decontrolled taking advantage of low inflation and global crude prices, the Economic Survey said, while criticising the government for its "imperfect" handling of oil price hike.
Narendra Modi's landslide victory gives him the mandate to deregulate diesel prices as well as raise natural gas rates with a clear road map towards free pricing to cut subsidies and shrink the budget deficit.
The government will provide five crore LPG connections on concessional rates in the name of women from below poverty line.
India's fuel demand in May slumped to its lowest in nine months as restrictions to curb the second wave of COVID infections stalled mobility and muted economic activity. Fuel demand fell 1.5 per cent to 15.1 million tonnes despite the low base of May 2020 and was down 11.3 per cent when compared to the previous month, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry. India was under one of the world's strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.
Singh also claimed that the insurgency situation has improved considerably in the last 18 months since the BJP came to power at the Centre and appealed to all militant outfits in Assam to give up arms and come forward for talks.
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
The growth, however, may not indicate a major revival of economic activity.
