Kerala govt to forego VAT on subsidy component on LPG

Last Updated: Sunday, January 19, 2014, 17:44

Bringing relief to people reeling under pressure of inflation, the Congress-led UDF government in Kerala has decided to forgo VAT on the subsidy component on LPG for domestic consumers.

FinMin to verify OMCs' losses before deciding on subsidy

Last Updated: Sunday, November 4, 2012, 13:21

The Finance Ministry in a study will verify the claims of losses by state-owned oil companies on selling diesel, LPG and kerosene below cost price and decide the quantum of subsidy for 2012-13 based on the report.

No further hike in diesel, cooking fuel prices: Govt

Last Updated: Tuesday, October 9, 2012, 19:32

The government Tuesday ruled out any further increase in diesel and cooking fuel prices even though the current retail rates are lower than their cost of production.

Diesel hike: Rs 1,200 cr burden on Railways, no move on freight hike

Last Updated: Friday, September 14, 2012, 17:07

The diesel price hike has put an additional yearly burden of around Rs 1,200 crores on the cash-strapped Railways but there is no move yet to increase freight charges, a rail official said Friday.

Diesel price hiked by Rs 5/litre, cap on LPG cylinder supply

Last Updated: Thursday, September 13, 2012, 20:20

Biting the bullet, the government Thursday night raised the diesel price by a steep Rs 5 per litre and capped the number of subsidised cooking gas cylinder to six per household a year.

Diesel, LPG, kerosene prices likely to be hiked today

Last Updated: Tuesday, September 11, 2012, 10:26

The Cabinet Committee on Political Affairs (CCPA) may take decision to hike petrol, diesel, cooking gas and kerosene prices simultaneously in its scheduled meeting later on Tuesday.

Diesel, LPG rates not to go up as govt fights political battle

Last Updated: Thursday, August 30, 2012, 17:15

Diesel and cooking gas (LPG) prices are unlikely to be hiked even after the end of the Monsoon Session of Parliament next week as the government is wary of taking such a decision at a time when it already has political battles on hand.

No proposal to hike diesel, LPG prices: Govt

Last Updated: Thursday, August 23, 2012, 17:10

The government Thursday said as of now it is not considering any proposal to increase the administered prices of petroleum products and fertilisers.

Not planning to deregulate diesel, LPG, kerosene: Govt

Last Updated: Tuesday, August 21, 2012, 16:10

The government is not planning to deregulate diesel, cooking gas (LPG) and kerosene prices by withdrawing subsidy on them, Minister of State for Petroleum and Natural Gas R P N Singh said on Tuesday.

Petrol, diesel prices up in 7 states after adjustment of taxes

Last Updated: Wednesday, July 25, 2012, 16:48

Petrol and diesel prices were on Wednesday hiked in seven states like West Bengal and Maharasthra and that of domestic LPG in six states as state-owned oil firms recalibrated rates to reflect changes in local levies.

Oil Ministry pushing for hike in diesel, LPG prices

Last Updated: Tuesday, July 24, 2012, 14:29

Without a price hike, a staggering Rs 160,000 crore of losses on these fuel sales would have to be met by the government this fiscal.

EGoM on revising diesel, LPG rates likely to meet today

Last Updated: Friday, May 25, 2012, 08:52

After a steep Rs 7.54 a litre hike in petrol prices, a high powered ministerial panel headed by Finance Minister Pranab Mukherjee may meet as early as Friday to decide on revising diesel, cooking gas LPG and possibly also kerosene rates.