Page 3 - Lpg Prices

Cooking gas for Ujjwala consumers cheapest compared to neighbours: Govt

The price of domestic cooking gas LPG at Rs 603 for a 14.2 kilogramme cylinder for beneficiaries under Pradhan Mantri Ujjwala Yojana (PMUY) is the cheapest in India when compared to rates in neighbouring countries, Petroleum Minister Hardeep Singh Puri said in the Rajya Sabha on Monday. The minister, during the Question Hour in the Upper House, said India imports 60 per cent of its LPG requirement. Despite volatile and high global prices of LPG, the government absorbed it and kept the prices lower for the Ujjwala beneficiaries. "Ujjwala cylinders are available at Rs 603. It costs Rs 1,059.46 in Pakistan, Rs 1,033.35 in Sri Lanka and at Rs 1,198.56 in Nepal. We are providing LPG cylinders at 50 per cent of the price. ...We have absorbed the global price increase and that's why cylinders are cheapest in India," he said. The LPG price in Saudi Arabia has increased from USD 415 per tonne to USD 700-odd per tonne in two years, but the government has absorbed the rise in rates, he said.

ATF price increases by 5% in 4th straight hike, commercial LPG up by Rs 209

Jet fuel or ATF price on Sunday was hiked by 5 per cent -- the fourth straight monthly increase since July, and commercial cooking gas (LPG) rates were raised by a steep Rs 209 per 19-kg cylinder, in line with the firming up seen in international benchmarks. However, the price of domestic LPG - the one used in household kitchens for cooking purposes - remained unchanged at Rs 903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was increased by Rs 5,779.84 per kilolitre, or 5.1 per cent, in the national capital to Rs 118,199.17 per kl from Rs 112,419.33, according to a price notification of state-owned fuel retailers. The increase comes on back of the steepest-ever 14.1 per cent increase (Rs 13,911.07 per kl) effected on September 1, and a 8.5 per cent or Rs 7,728.38 per kl increase on August 1. The fourth straight increase in prices of jet fuel, which makes up for 40 per cent of an airline's operating cost, will increase the burden on already financially strained airlines.

Six Congress guarantees for Telangana: Housing, electricity, pension & more

The Congress party has begun its campaign in Telangana with the promise of financial aid to students and special assistance to women, including LPG cylinders at Rs 500 and Rs 2,500 per month

Centre allocates Rs 1,650 cr to extend PMUY for 7.5 million LPG connections

Beneficiaries of the Pradhan Mantri Ujjwala Yojana will also receive the first refill and a stove free of cost

Statsguru: LPG price cut may reduce retail inflation rate by around 30 bps

Consumption of LPG has accordingly been going up over the years. Production was close to consumption in the early 2000s. This has since changed with an increased shift towards clean cooking fuel

LPG price cut: Govt grant soon for OMCs, analysts do not expect losses

Starting 30 August, domestic LPG in India is selling Rs 200 cheaper per cylinder (14.2 kg), announced as a festive season gift from the government on Tuesday

Commercial LPG cylinder price cut by Rs 100, domestic stays same

A 19 kg LPG cylinder will cost Rs 1,680 in Delhi, Rs 1640.50 in Mumbai, and Rs 1,805.50 in Kolkata

Commercial LPG price cut by Rs 83, no change for domestic cylinders

Oil marketing companies had hiked prices by Rs 350.50 per unit on March 1

Patnaik condemns Centre's policies of LPG price rise, rice quota cut

BJD president and Odisha Chief Minister Naveen Patnaik on Thursday slammed the BJP-led central government for raising the price of LPG and slashing the quota of five kg of free rice to beneficiaries. These decisions are anti-women, claimed Patnaik, who had been supporting the schemes and policies of the Narendra Modi government for a long time. Hike of the LPG price and deduction of 5 kg rice by the Centre are clearly anti-women policies. I strongly condemn such policies, Patnaik said while addressing a BJD function marking the observance of International Women's Day. Earlier, the ruling party had staged a demonstration opposing the stoppage of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) under which the poor people covered under the PDS were provided with 5 kg of free rice to counter the adverse impact of the COVID-19 Pandemic. The BJD government was demanding continuance of the PMGKAY as the impact of the pandemic still hits the poor people who lost jobs and employment. The

LPG price hiked in Bangladesh by 22.15 taka per kg to 124.85 taka

The price of Liquefied Petroleum Gas (LPG) in Bangladesh has been hiked by 22.15 taka per kg to 124.85 taka

Domestic LPG cylinders to come with QR codes: Check benefits, other details

"All domestic gas cylinders will have QR code in the next three months", said IOCL chairman Shrikant Madhav

ATF price hiked 4.2%, commercial LPG rates cut by Rs 115.5 in Delhi

Jet fuel (ATF) price on Tuesday was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.5 per 19-kg cylinder reflecting global energy trends. Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 per cent, to Rs 120,362.64 per kl in the national capital, according to a price notification of state-owned fuel retailers. This reverses a 4.5 per cent cut in jet fuel prices affected last month. Separately, the oil firms reduced the price of a 19-kg commercial LPG cylinder to Rs 1,744 from Rs 1,859.50 in the national capital. This is the seventh reduction in the price of commercial LPG since June, in step with softening of international energy prices. In all, rates have come down by Rs 610 per 19-kg cylinder. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This is because the rates of domestic cookin

Govt okays Rs 22,000 crore one-time grant for OMCs to battle losses

This will help them tide over continuing losses in providing domestic liquified petroleum gas

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

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 the one-time grant to three oil marketing companies - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), Thakur told a news briefing. The grant will be for covering the losses they incurred on selling LPG below cost to consumers from June 2020 to June 2022. The three firms sell domestic LPG at government-regulated prices to consumers. Between June 2020 to June 2022, the international prices of LPG soared by around 300 per cent. However, to insulate consumers from fluctuations in international LPG prices, the cost increase was not fully passed on to consumers of domestic LPG,

ONGC, Oil India to gain most from gas price hike; IGL worst hit: Analysts

Analysts at Antique stock Broking said every $1/mmbtu rise in gas prices is expected to lift ONGC, and Oil India's standalone Ebitda by 4 per cent, and 7 per cent, respectively

Loss on petrol ends; continue to incur loss on diesel sales: BPCL chairman

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 (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) did not raise petrol and diesel prices for almost five months now despite rising international oil prices. This is because international oil prices were highly volatile, rising or falling by USD 5-7 per barrel on a single day, BPCL chairman and managing director Arun Kumar Singh told reporters. "Our ability to pass on this kind of volatility is simply not there. No marketer can transfer this kind of volatility," he said, adding, "It is our deep desire to absorb volatility. We don't pass on sharp increase or fall in prices." And so the oil companies decided to absorb "some losses with hope that we can make up for

'Smokeless' LPG bringing tears to eyes as prices rise 30% in one year

LPG rates this week were hiked by Rs 50 per 14.2-kg cylinder, taking the total increase in last one year to Rs 244 or 30 per cent.

Centre may allocate Rs 44,000 cr to oil firms to compensate for LPG losses

The central government is planning to allocate Rs 44,000 crore as compensation to oil companies for losses they have been bearing by selling LPG at below-market rates, a report said

Domestic LPG cylinder rate increased by Rs 50 from today; check prices

A domestic LPG cylinder will now cost Rs 1,053 in the national capital Delhi. In Mumbai, it will cost Rs 1,052.50

Commercial LPG cylinders to become cheaper from today; check details here

The commercial LPG cylinder price, as of July 1, in the national capital Delhi is Rs 2,021, brought down from Rs 2,219 per cylinder