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…
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New Delhi, April 1 (IANS) The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war.“Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Thei…
New Delhi, Jan 1 (IANS) Amid reports of a Rs 111 increase in the price of commercial LPG cylinders, the Government on Thursday said that commercial LPG prices are market-determined and directly linked to international benchmarks. Any revision in commercial LPG prices reflects changes in global LPG prices and related costs, while domestic LPG prices for household consumers remain unchanged, Ministry of Petroleum & Natural Gas said.The ministry said that India imports around 60 per cent of its…