Wednesday, September 3, 2014
ABOUT US CONTACT US ADVERTISE WITH US FOLLOW US ON    
 
Kashmir Times Logo www.kashmirtimes.com Web Design Jammu, Web Design Company, Ideogram Jammu
Business
Non-subsidised LPG rate hiked by Rs 46.50 per cylinder
ActIT Jammu, ASP.net Projects, Java, Vb.net, C# Training Jammu
New Delhi, Jan 18 (Agencies) : The price of non-subsidised cooking gas (LPG) was on Friday hiked by Rs 46.50 per cylinder as part of reform measures unleashed by the government to trim its huge fuel subsidy bill.

A 14.2-kg LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of 9 subsidised bottles in a year, will cost Rs 942 from today, according to Indian Oil Corp (IOC).

Oil PSUs had last hiked the price of non-subsidised LPG by Rs 26.50 per cylinder on November 1, but had to roll it back within hours as the government did not want to compound the backlash it was already facing for limiting supply of subsidised LPG to just six cylinders per household in a year.

However, after yesterday's government decision to raise the supply of LPG at subsidised rate of Rs 410.50 to 9 cylinders per household in a year from six, the rate for non-subsidised gas was hiked by Rs 46.50 per 14.2-kg cylinder to Rs 942 in Delhi.

The government also moved towards deregulating diesel rates when it raised prices by 50 paisa per litre and planned similar monthly hikes in future.

This was coupled with a decision to charge bulk consumers like defence, railways and state transport undertakings market price which is almost Rs 10 a litre more than retail selling rate, to save an estimated Rs 12,907 crore in annual subsidy.

As a sweetener to the bitter pill, the Cabinet Committee on Political Affairs chaired by Prime Minister Manmohan Singh bowed to public pressure to raise the cap on subsidised LPG to nine cylinders per household from six.

State-owned oil companies in a parallel cut petrol price by 25 paise a litre in view of softening in global oil rates.


News Updated at : Friday, January 18, 2013
 
Comment on this Story 
 
Web Design Jammu, Web Design Company, Ideogram Jammu
 
Top Stories of the Day  
Dues run into Rs 10 lakhs and above: PDD issues notice to high-profile defaulters to recover Rs 54 Cr
JAMMU, Jan 18: Finally gearing up its campaign against high profile defaulters (with pending dues equal to Rs 10.00 lakhs and above till December 31, 2012), the Power Development Department on January 17 put them on two weeks’ disconnection notice to recover its around Rs 54 Cr. The disconnection notice under Section 50 of J&K Electricity Act 2010 (read with regulation 8.3 of J&K SERC Supply Code Regulation 2011 has been served to a total of 137 VIP defaulters including big hoteliers, owners o
> Geelani calls for strike on Jan 26
> Pulwama firing probe: Inquiry team granted more time for investigations
> Mufti asks India, Pak to avoid provocative utterance
> LoC killings spook villagers on tense frontier both sides
> 13 year old girl 'raped'
 
 
Other Stories from Web  
 
 
 
Find us on
 
 
Weather Report
 
Hotel Satyam
Budget Hotel near Railway Station Jammu
 
Shridev Sharma | Kamrup Housing Projects
 
Luxury Property in Greater Noida, Luxury BHK Flats, Premium Appartments, Greater Noida
 
 
 
Web Design Jammu, Web Design Company, Ideogram Jammu
 
 
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.