Centre to grant oil PSUs ₹22,000 crore to cover LPG losses
2 years, 2 months ago

Centre to grant oil PSUs ₹22,000 crore to cover LPG losses

The Hindu  

With global prices for liquefied petroleum gas surging, the Union Cabinet on Wednesday approved a ₹22,000-crore ‘one-time grant’ to public sector oil marketing firms to make good losses they have faced over the past two years in domestic LPG cylinder supplies. Domestic LPG cylinders are supplied at regulated prices to consumers by the public sector oil marketing players Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum Corporation, which will get the grant. The prices for domestic LPG cylinders were last hiked in July by about ₹50 for a 14.2 kg cylinder, taking the cost to ₹1,068.5 in Chennai and ₹1,053 in New Delhi. The approval will help OMCs to continue their commitment to the Atmanirbhar Bharat Abhiyaan, ensuring unhindered domestic LPG supplies and also supporting the procurement of Make in India products, the government said.

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History of this topic

Price hike: 19 kg commercial LPG cylinder costlier by ₹16.50, at ₹1,818.50 in Delhi from today. See details here
Top News
3 weeks, 3 days ago

Price hike: 19 kg commercial LPG cylinder costlier by ₹16.50, at ₹1,818.50 in Delhi from today. See details here

Live Mint  

LPG Price hike: Oil marketing companies have on December 1 raised the price of 19 kg commercial LPG cylinder by ₹16.50, now at ₹1,818.50 in Delhi, as per an ANI report. The price hike affects businesses reliant on LPG, while 14.2 kg domestic cylinder rates remain unchanged, providing some relief to households, it added. Price Hike Trend Last month too, …

LPG price cut ahead of elections: Oil marketing companies slash rates for 19-kg commercial. Check revised rate
8 months, 3 weeks ago

LPG price cut ahead of elections: Oil marketing companies slash rates for 19-kg commercial. Check revised rate

India TV News  

Oil marketing companies have announced a reduction in prices for 19 kg commercial cylinders and 5 kg FTL cylinders, effective from April 1, 2024, just ahead of the Lok Sabha elections. The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi starting from April 1. Fluctuating …

LPG price hike update: Rates of commercial cylinders increased by Rs 25 today, check details here
9 months, 3 weeks ago

LPG price hike update: Rates of commercial cylinders increased by Rs 25 today, check details here

India TV News  

Oil marketing companies have announced a significant revision in the prices of commercial LPG gas cylinders, effective today, March 1, 2024. The price hike of Rs 25.50 for 19 KG of commercial LPG gas cylinders brings retail rates to a new high. Delhi's commercial LPG cylinder reaches Rs 1,795 Following the adjustment, the retail sales price of a 19 kg …

Prices of commercial LPG cylinders reduced by ₹39.5
1 year ago

Prices of commercial LPG cylinders reduced by ₹39.5

Hindustan Times  

NEW DELHI: State-run fuel retailers on Friday slashed prices of liquefied petroleum gas used for commercial purposes by ₹39.50 per 19-kg cylinder as fuel rates fell in the international markets. While prices of subsidised 14.2-kg LPG cylinders remained unchanged, the international fall in the price of the fuel will proportionately reduce government’s subsidy burden. Subsidised 14.2-kg LPG cylinders are sold …

Commercial LPG Cylinder Gets Cheaper by Rs 57.50; Check Rates in Delhi, Other Cities
1 year, 1 month ago

Commercial LPG Cylinder Gets Cheaper by Rs 57.50; Check Rates in Delhi, Other Cities

News 18  

LPG Cylinder Price: In what comes as a big relief amid the festive season, petroleum companies have cut prices of LPG gas cylinders. State-run Oil Marketing Companies have announced a reduction in the prices of 19-kilogram commercial LPG cylinders in four metro cities. Here are the prices of the 19-kg LPG cylinder in the four cities, with effect from November …

Distributor commission for LPG hiked to ₹73 per cylinder
1 year, 2 months ago

Distributor commission for LPG hiked to ₹73 per cylinder

Live Mint  

The petroleum ministry has increased the LPG distributors’ commission to ₹73.08 per cylinder from ₹64.84 fixed in May last year. In a letter dated 3 October, sent to the oil marketing companies, the ministry, however, said that the revision in the distribution commission would not result in a revision in retail LPG prices. It said the government approved the “revision …

Government to Bear LPG Price Cut Burden
1 year, 3 months ago

Government to Bear LPG Price Cut Burden

Deccan Chronicle  

New Delhi: Day after the government announced the price cuts on domestic cooking gas cylinders, Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday has affirmed that the government would take the burden of the Rs 200 price cut announced on domestic cooking gas cylinders. The minister has also noted that the Centre and the oil marketing companies …

Mint Explainer: Why the government cut LPG prices by ₹ 200
1 year, 3 months ago

Mint Explainer: Why the government cut LPG prices by ₹ 200

Live Mint  

The Union cabinet on Tuesday approved a reduction ₹200 on domestic liquified petroleum gas cylinders or cooking gas. Similarly, domestic LPG prices in Kolkata, Mumbai and Chennai stood at ₹929, ₹902.50 and ₹918.50, respectively, after the price cut. Government data showed that during the period under review, LPG prices in the national capital rose by ₹359 from ₹744 to ₹1,103 …

Centre to cover cost of ₹200 LPG cylinder price cut, assures Puri: Report
1 year, 3 months ago

Centre to cover cost of ₹200 LPG cylinder price cut, assures Puri: Report

Live Mint  

LPG cylinder news: Minister of Petroleum and Natural Gas, Hardeep Singh Puri stated on 30 August that the government would bear the cost of the promised ₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. Puri's declaration came a day after the government announced the price cuts on domestic …

LPG cylinder prices cut by ₹200, ’PM’s gift for Rakhi’, announces Centre
1 year, 3 months ago

LPG cylinder prices cut by ₹200, ’PM’s gift for Rakhi’, announces Centre

Live Mint  

In a relief to consumers, the Union Cabinet on Tuesday reduced by ₹200 the price of a 14.2 kg LPG cooking gas cylinder as a gift for the women ahead of Raksha Bandhan. “On the occasion of Raksha Bandhan and Onam, the government has decided to reduce the price of domestic cylinders by ₹200,” said Union Information and Broadcasting Minister …

LPG price cut due to impact of INDIA alliance: Mamata Banerjee
1 year, 3 months ago

LPG price cut due to impact of INDIA alliance: Mamata Banerjee

India Today  

West Bengal Chief Minister Mamata Banerjee on Tuesday said the Centre’s decision to slash LPG prices by Rs 200 as an impact of the INDIA opposition alliance. Earlier in the day, the central government announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the cheaper LPG promise of the Congress in …

Commercial LPG price cut by Rs 99.75, no change for domestic cylinders
1 year, 4 months ago

Commercial LPG price cut by Rs 99.75, no change for domestic cylinders

Deccan Chronicle  

New Delhi: Public sector Oil Marketing Companies have made price revisions for commercial LPG and slashed the price of 19 KG commercial LPG gas cylinders by Rs 99.75, sources said. On June 1, Prices of commercial LPG cylinders have been slashed by Rs 83.50 to Rs 1,773 per unit of 19 kg with immediate effect. In May, petroleum and oil …

LPG Commercial Cylinder Slashed By Rs 83.50; Will Domestic Cooking Gas Become Cheaper?
1 year, 6 months ago

LPG Commercial Cylinder Slashed By Rs 83.50; Will Domestic Cooking Gas Become Cheaper?

News 18  

LPG Commercial Cylinder Price: The prices of liquefied petroleum gas have been slashed by Rs 83.50. Before April, petroleum and oil marketing companies had hiked the price of domestic LPG cylinders by Rs 50 on March 1. Domestic LPG Cylinder Price Indian Oil has not made any change in the price of domestic LPG cylinders even today. Then the Oil …

Cooking gas, commercial LPG to cost more, jet fuel less
1 year, 9 months ago

Cooking gas, commercial LPG to cost more, jet fuel less

Live Mint  

Oil marketing companies on Wednesday raised prices of both domestic and commercial LPG cylinders, while that of jet fuel received a cut in a move that could help lower air fares. The price of non-subsidized 14.2-kg domestic LPG cylinder has been increased by ₹50 to ₹1,103 in the national capital, showed data on the Indian Oil Corp site. The hike …

Govt to give Rs 22,000 cr grant to oil PSUs to cover LPG losses
2 years, 2 months ago

Govt to give Rs 22,000 cr grant to oil PSUs to cover LPG losses

Deccan Chronicle  

NEW DELHI: The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost in the last two years, I&B Minister Anurag Thakur said on Wednesday. The Union Cabinet headed by Prime Minister Narendra Modi at a meeting on Wednesday, approved …

Commercial LPG price reduced
2 years, 3 months ago

Commercial LPG price reduced

The Hindu  

Public sector undertaking oil marketing companies have brought down the price of commercial 19 kg liquefied petroleum gas cylinders. A distributor said they hoped that domestic LPG prices would be brought down soon. Oil industry sources said that in Tamil Nadu, the sale of commercial cylinders, which fell by 21.1% during the pandemic in 2020-21, has improved and the year …

Commercial LPG price reduced by ₹91.5 a cylinder
2 years, 3 months ago

Commercial LPG price reduced by ₹91.5 a cylinder

The Hindu  

The State-owned oil marketing corporations Indian Oil, Bharat Petroleum and Hindustan Petroleum have reduced the price of the 19-kg commercial LPG cylinder by ₹91.5 per cylinder on softening international prices. But the oil firms have made no changes in rates of domestic cooking gas and rather began imposing limits on refills a user can order in a fortnight The price …

Losses on petrol, LPG end; continue to incur loss on diesel sales: BPCL chairman
2 years, 3 months ago

Losses on petrol, LPG end; continue to incur loss on diesel sales: BPCL chairman

The Hindu  

A moderation in international oil prices has helped Indian fuel retailers to break even on petrol and domestic cooking gas LPG but they continue to lose money on diesel, the most used fuel in the country, an official said on Monday. State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd have not raised petrol …

Commercial LPG prices slashed, eateries cheer
2 years, 4 months ago

Commercial LPG prices slashed, eateries cheer

Deccan Chronicle  

Hyderabad: Eateries cheered on Monday as the price of commercial liquefied petroleum gas cylinders were reduced by the government for the third time in as many months. According to the LPG dealer’s association, oil and gas marketing companies have reduced Rs 44.50 on 19 Kg commercial LPG cylinder with effect from Monday. Jagan Mohan Reddy, president of Telangana LPG distributors …

Domestic LPG cylinder price breaches ₹1,000 mark in several cities
2 years, 7 months ago

Domestic LPG cylinder price breaches ₹1,000 mark in several cities

The Hindu  

Domestic cooking gas cylinder prices crossed the ₹1,000 mark on May 7 with oil marketing companies revising the prices by ₹50 per cylinder. Similarly, prices of 5 kg cylinders that are used by roadside vendors too have gone up from ₹355 per cylinder to ₹373 per cylinder. “I remember that sometime in 2014, prices had gone up and crossed ₹1,000 …

Domestic LPG cylinder price hiked by ₹50
2 years, 7 months ago

Domestic LPG cylinder price hiked by ₹50

The Hindu  

Households will now have to spend more on liquefied petroleum gas, as national oil marketing companies on May 7 increased the price of the 14.2-kg cylinder by ₹50. Coming at a time when household budgets are already strained by the rising prices of daily-use items from milk to edible oil as well as the increased spending on commutes due to …

LPG price hiked by ₹50; petrol, diesel dearer too
2 years, 9 months ago

LPG price hiked by ₹50; petrol, diesel dearer too

The Hindu  

Liquefied petroleum gas turned dearer for households with national oil marketing companies Indian Oil Corporation, BPCL and HPCL increasing the price of each 14.2 kg cylinders by ₹50 with effect from March 22. The increase in LPG price came on the back of the oil companies raising pump prices of petrol and diesel by almost ₹1 per litre effective March …

Commercial LPG cylinder prices slashed by Rs 91.50 | Check new rates
2 years, 10 months ago

Commercial LPG cylinder prices slashed by Rs 91.50 | Check new rates

India TV News  

Highlights National Oil Marketing companies have reduced commercial 19-kg LPG cylinder cost by Rs 91.50 This comes hours before finance minister Nirmala Sitharaman presents the Union Budget 2022 This rate cut will provide some relief to restaurants, eateries, tea stalls, and others The oil marketing companies on Tuesday slashed the prices of the liquified petroleum gas cylinder. National Oil Marketing …

High LPG prices are scorching the air pollution fight
3 years ago

High LPG prices are scorching the air pollution fight

The Hindu  

The sustained rise in the price of LPG cylinders has been burning a hole in many a household budget for more than a year now. Around 30% of Indian households continue to rely on biomass as their primary cooking fuel, mainly due to high LPG prices. At the current refill prices, an average Indian household would have to spend around …

LPG consumption up 7.3% despite price rise: Oil companies
3 years, 9 months ago

LPG consumption up 7.3% despite price rise: Oil companies

The Hindu  

Cooking gas LPG consumption rose 7.3% in the last three months despite a steep price rise, with usage among the PMUY beneficiaries, who are mostly poor rural households, jumping near 20%, State-owned oil companies said. “LPG consumption has improved amongst PMUY customers,” Indian Oil Corporation said in a statement. Cooking gas consumption between December 2020 and February 2021, the period …

Non-subsidised LPG rate hiked by Rs 25 in Delhi. Check rates in other cities
3 years, 10 months ago

Non-subsidised LPG rate hiked by Rs 25 in Delhi. Check rates in other cities

India Today  

The price of domestic liquified petroleum gas cylinders have been increased yet again in four metro cities. In a notification issued on Thursday, state-run oil marketing companies said non-subsidised liquified petroleum gas by Rs 25 in all metro cities. Following the fresh hike, the price of LPG per 14.2 kg cylinder increased to Rs 719 in Delhi and Mumbai. Oil …

LPG cylinder price hiked today for second consecutive month. Check latest rates
4 years, 5 months ago

LPG cylinder price hiked today for second consecutive month. Check latest rates

Live Mint  

In tune with a rebound in international rates, the price of liquified petroleum gas cylinders was increased for the second consecutive month today. The current spate of rate hike comes after three consecutive months of rate cuts which made LPG cylinders cheaper by ₹277. In February, LPG cylinder rates had gone upto ₹858.50 but in March, as coronavirus fears started …

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