New Delhi, June 8 (IANS) The government on Monday announced that it has reduced the number of subsidised LPG cylinder refills under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine per year to four, in a move aimed at containing rising subsidy costs amid higher global fuel prices and widening under-recoveries for oil marketing companies.The decision comes at a time when the cost of supplying domestic liquefied petroleum gas (LPG) has climbed sharply, with the per-cylinder cost rising to over R…
Latest Global Fuel Prices News & Updates
New Delhi, May 12 (IANS) The global fuel price shock has shattered Pakistan because of the country’s heavy reliance on imported energy and its weak balance-of-payments position, taking its monthly trade deficit ballooned to $4.07 billion in April, according to a new report.The April figures are Pakistan’s highest level since June 2022, further straining the fragile economy, reports Dawn.The massive 43.5 per cent month-on-month jump in the trade gap “was anticipated due to energy supply dis…
New Delhi, Feb 1 (IANS) Commercial LPG cylinder prices have been increased by Rs 49 from February 1, bringing higher costs for businesses that rely on these cylinders for daily operations. Oil marketing companies announced the hike as part of their regular monthly price revision.The increase applies to the 19-kg commercial LPG cylinder, which is commonly used by hotels, restaurants, and small food outlets.In Delhi, the new retail price of a commercial cylinder has gone up to Rs 1,740.50. However…