No hike of LPG, kerosene prices: Ministry

Image
IANS New Delhi
Last Updated : Jul 04 2014 | 7:19 PM IST

Petroleum Minister Dharmendra Pradhan said Friday there is no proposal to increase rates of subsidised LPG, kerosene and diesel.

"There is no such proposal with the government," Pradhan said with reference to a report that his ministry is considering a note to the cabinet for raising kerosene and LPG prices as recommended by an expert committee.

The Kirit Parikh panel has recommended raising kerosene prices by Rs.4-5 per litre and LPG by Rs.250 per cylinder

"It is clarified that the Ministry of Petroleum and Natural gas is not proposing any increase in their prices", the ministry said in a statement here.

Pradhan also said, there is no fresh proposal to increase LPG prices or to change the duty structure on diesel.

State-run oil marketing companies Wednesday increased prices of non-subsidised cooking gas or liquefied petroleum gas (LPG) by Rs.16.50 per cylinder and aviation turbine fuel ( ATF) or jet fuel by over half percent as global crude prices surged due to the Iraq crisis.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 04 2014 | 7:06 PM IST

Next Story