Media reports indicate that some section of the ruling Congress party want the government to raise the cap on the number of subsidised cooking gas per household per year. Recently, the government decided to limit the number of subsidised cooking gas per household per year to six and this has reportedly increased hardships for common man
Tag: LPG
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Consumers must execute KYC process
Consumers of LPG, who are required to complete KYC (know your customer) process, complained of difficulty in executing it.Following this, the central government extended the deadline for fulfilling this formality to November 15 initially. Recently, this deadline has been extended further to November 30
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OMCs resume issue of new LPG connections
Starting with North Eastern states, the three state-owned oil marketing companies (OMCs) resumed issuing of new LPG connections after putting it on hold for a few weeks. It is learnt that they have started issuing connections in Meghalaya, Sikkim, Nagaland and Andaman & Nicobar Islands. In September, issue of new LPG connections was put on hold pending a massive nationwide exercise to eli
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State oil firms to bear additional burden
State-run petroleum companies may share additional financial burden of the Delhi government's ambitious scheme to provide Liquefied Petroleum Gas (LPG) connection to poor people. The state government initiated Kerosene Free Delhi Scheme to replace completely kerosene used by BPL or Antyodaya families for cooking purposes with
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Rupee exchange rate holds key for petrol pricing
According to analysts, the movement of rupee against the dollar holds key for the future price movement of petrol in the domestic market. Recently, the price of petrol was reduced by oil marketing companies (OMCs) for the second time since 9 October 2012 because of the decline in crude oil prices in the international market
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IOC posts Rs 96 bn net profit
Following the reimbursement of oil subsidy by the union government, public sector refiner Indian Oil Corp (IOC) posted a net profit of Rs 9,611 crore in the quart
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SC to hear IGL-PNGRB case on Nov 21
The next hearing of the Supreme Court case regarding dispute between Petroleum and Natural Gas Regulatory Board (PNGRB) and Indraprastha Gas (IGL) is sche
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OMCs set to announce losses in Sept quarter
Delay in the receipt of compensation from the government may cause the oil marketing companies (OMCs) to post losses during the September 2012 quart
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OMCs’ under-recovery for diesel stands at Rs 9.84
For the first fortnight of November effective November 1, the under-recovery incurred by oil marketing companies (OMCs) on sale of diesel remains at a high level of Rs
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NMPT clocks 4.81 per cent rise
The New Mangalore Port Trust (NMPT) registered a growth of 4.81 per cent in overall cargo handling in the first three months of 2011-12 owing to a rise in the handling of coal, LPG, crude oil and container cargoes among others.