Govt considers to raise LPG, kerosene rates in small doses
24/06/2014 17:46
After diesel, the government is considering raising cooking gas (LPG) and kerosene rates in small dozes of Rs 5 per cylinder and Rs 0.50-1 a litre every month to wipe out Rs 80,000 crore subsidy on the two fuels, reported PTI. The previous UPA government had in January 2013 decided to raise diesel prices by up to 50 paisa litre every month, as per the media reports. But for aberrations on two occasions, the monthly increases have taken place regularly to trim subsidy on diesel to an just Rs 1.62 a litre. This too looks set to be wiped off to make the fuel deregulated or free, with the new government continuing with the UPA decision, as per the reports in the media. According to media reports, following the diesel model, the oil ministry is now proposing monthly increases in LPG and kerosene rates, sources privy to the development said. Subsidy on LPG currently is a staggering Rs 432.71 per 14.2-kg cylinder and at Rs 5 per month increase it will take 7 years to wipe out the subsidy, as per the media reports.
24/06/2014 17:46
After diesel, the government is considering raising cooking gas (LPG) and kerosene rates in small dozes of Rs 5 per cylinder and Rs 0.50-1 a litre every month to wipe out Rs 80,000 crore subsidy on the two fuels, reported PTI. The previous UPA government had in January 2013 decided to raise diesel prices by up to 50 paisa litre every month, as per the media reports. But for aberrations on two occasions, the monthly increases have taken place regularly to trim subsidy on diesel to an just Rs 1.62 a litre. This too looks set to be wiped off to make the fuel deregulated or free, with the new government continuing with the UPA decision, as per the reports in the media. According to media reports, following the diesel model, the oil ministry is now proposing monthly increases in LPG and kerosene rates, sources privy to the development said. Subsidy on LPG currently is a staggering Rs 432.71 per 14.2-kg cylinder and at Rs 5 per month increase it will take 7 years to wipe out the subsidy, as per the media reports.
