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Showing posts with label Lpg news. Show all posts
Showing posts with label Lpg news. Show all posts

Wednesday, April 11, 2018

Good news: LPG prices have drastically reduced, 19 kilo commercial cylinders were also cheaper

The price of non-subsidized cylinders has been reduced by Rs. 33.50. The 5 kg LPG cylinder has also fallen by Rs 15, while the price of commercial cylinder of 19 kg has been reduced by 54 rupees. Prior to this, the price of cooking gas (PNG) provided by CNG and pipes has been increased to 90 paisa per square meter (SCM) per kilogram on Sunday (April 1st). This increase was made after the Government reached the high level of two years at the rate of gas prices.

In the National Capital Region (NCR), CNG and vehicles supplying PNG to households, Indraprastha Gas Limited (IGL) said that CNG prices in Delhi would now be Rs 40.61 per kg and Rs 47.05 per kg in Noida, Greater Noida and Ghaziabad. This change will be effective on Sunday midnight. The price of CNG, which supplies in Rewari, has now increased from Rs 50.67 per kilogram to Rs 51.62 per kilogram.

The disclosure by the company said that the discounted gas price from CNG pumps will be given at a price of Rs 1.50 per kilo per kilometer gas from 12:30 am to 5:30 pm. With this discount, CNG prices in Delhi will be Rs 39.11 per kg and in Noida, Greater Noida and Ghaziabad Rs 45.55 per kg.

Thursday, December 28, 2017

Big news: Modi government suddenly took a big decision, no longer will cost LPG cylinder

The government has suddenly withdrawn the decision to increase the rate of LPG cylinder, taking a big decision. This step has been taken to increase the cost of LPG cylinders every month, and the government plans to provide free LPG connections to the poor, instead of 'Ujjwala'. Earlier, the government had directed all public sector petroleum companies to increase the LPG cylinders by four rupees every month from June 2016

The motive behind this was to finally end the subsidy given on LPG. One source said that this order has been withdrawn in October. Due to this, Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have not raised the cost of LPG since October. Earlier this year, Petroleum companies were allowed to increase the price of 14.2 kg LPG cylinder for two months (not including VAT) from July 1, 2016

After this, petroleum companies had increased the LPG price on 10 occasions. Each family receives 12 subsidized cylinders in a year. If needed, more cylinders are available at the market price. On May 30, 2017, the monthly increase in LPG prices was doubled to 4 rupees. Petroleum companies were given the right to raise four rupees in LPG prices every month from 1st June, 2017. The purpose of this increase was to bring the government subsidy on the domestic cylinders to zero. This work was to be done till March 2018.



The source said that this order was indicating the opposite of the government's bright plan. While the government is giving free LPG connections to the poor, on the other hand the price of the cylinders is being increased every month. This order has been withdrawn for improvement. The source said that even after October, the cost of LPG has increased, its main reason is taxation issue. After implementation of Direct Benefit Transfer (DBT), the issue of taxation is made.