Rates had been on the upswing since October, 2016
Auto LPG is the third most commonly used automotive fuel in the world
The idea is to ease the livelihood strain on kerosene dealers
Providing a New Year bonanza for Liquid Petroleum Gas (LPG) customers, all Public Sector Unit (PSU), namely Indian Oil, BPCL and HPCL have decided to offer an upfront discount of Rs. 5 on every LPG refill booked and paid via online.The customers can make online payment through net banking, credit and debit cards.The discounted amount will be displayed on the gadgets of the customers, which will be calculated by the retail selling price of LPG refill minus the incentive amount of Rs. 5.The net discounted amount will also be shown on the cash memo accompanying the home-delivery of the LPG cylinder.All Oil Marketing Companies have endeavoured this initiative to encourage the consumers to shift from cash mode to digital platform to achieve the objective of cashless transactions.The incentive will encourage more and more LPG consumers to go for cashless mode transactions.
LPG rates were last hiked on December 1 by Rs 2.07 per cylinder
However monthly hikes in kerosene likely, as Centre wants to deter its use in favour of cleaner fuel
Orders had already been placed with the banks for supply of swiping machines, an official said
All domestically produced LPG should necessarily be sold to PSUs for subsidised sale to consumers
A subsidised 14.2-kg cylinder will now cost Rs 430.64 in Delhi as against Rs 428.59 previously
A subsidised 14.2-kg cylinder will now cost Rs 425.06 as against Rs 423.09 previously
Essar Oil and Reliance Industries vying for the liquefied petroleum gas market in India
According to data available with ministry of petroleum and natural gas, oil marketing companies have added only 36 million consumers in past two years
In his Independence Day speech, Modi said nearly 50 lakh LPG connections have been provided under PMUY in past 100 days
CAG said the reduced subsidy rate on account of the fall in crude oil price resulted in reduced subsidy payout
He stressed on the need of ensuring quality services to all LPG consumers
The savings are also due to the global prices dropping by more than 50% and India importing more LPG, says Congress leader Abhishek Manu Singhvi
Subsidised ration and Government pension should reach all the poor families, Naidu said
Besides the cylinder price, the Krishi Kalyan cess of 0.5% on service tax will be imposed on all AC class rail tickets, freight and parcel
The unique PAHAL Yojna or Direct Benefit Transfer Scheme for LPG subsidy launched by the Centre, covers around 80% LPG consumers in Assam
While LPG price was raised by Rs 18, kerosene saw a hike of Rs 3 per litre