The two moves to cut OMCs' underrecovery by Rs 20,300 cr this year
In the second major oil sector reform after petrol decontrol of June 2010, the government on Thursday capped subsidised domestic liquefied petroleum gas (LPG) for a consumer to six per year. For a consumer using 12 LPG cylinders annually, the extra outgo on six additional cylinders at current market price will be Rs 2,106. Also, the diesel price was increased by Rs 5 a litre, while the excise duty on petrol was reduced by Rs 5.30 a litre to avoid a price increase.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/govt-restricts-subsidised-lpg-raises-diesel-price
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lpg
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-petroleum-and-natural-gas
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-oil-corporation-ioc
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/bharat-petroleum-corporation-bpcl
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hindustan-petroleum-corporation-hpcl
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kerosene
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
