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Airlines rejoice as oil firms cut jet fuel price by 11.7%

Sep 01, 2015

Airlines rejoice as oil firms cut jet fuel price by 11.7%

Jet fuel constitutes over 40 percent of an airline's operating costs and the price cut will reduce the financial burden on cash-strapped carriers. #Economy #NewsTracker #Indian Oil #LPG #Hindustan Petroleum #Jet fuel #Bharat Petroleum #ATF
Govt allows Reliance Industries to sell LPG to private marketers

Aug 31, 2015

Govt allows Reliance Industries to sell LPG to private marketers

RIL, the largest single location LPG producer in the country, had contested the ministry view saying rules do not mandate that all domestic LPG must be sold only to state firms. #Business #Economy #Reliance Industries #CompanyWatch #LPG #Parallel Marketing Scheme
Non-subsidised LPG rates cut by Rs 23.50 per cylinder

Jul 31, 2015

Non-subsidised LPG rates cut by Rs 23.50 per cylinder

Non-subsidised cooking gas (LPG) price in Delhi has been cut to Rs 585 per cylinder from Saturday as compared to Rs 608.50 at present, said Indian Oil Corp (IOC), the nation's largest oil firm. #Economy #NewsTracker #LPG #non-subsidised cooking gas
India saved $2 bn by reforming fuel subsidiary delivery, says Pradhan

Jul 02, 2015

India saved $2 bn by reforming fuel subsidiary delivery, says Pradhan

Noting that $8 billion was spent on LPG subsidy previous year, Pradhan claimed the steps taken by thegovernment has reduced LPG subsidy to $6 billion. #Economy #TheySaidIt #LPG #Aadhar #Dharmendra Pradhan #Jan Dhan Yojana
Subsidised LPG sales under DBT down by 25%, says Arvind Subramanian

Jul 02, 2015

Subsidised LPG sales under DBT down by 25%, says Arvind Subramanian

Under Pahal, earlier known as DBT, LPG cylinders are sold at market rates and consumers get the subsidy directly in their bank accounts. This is done either through an Aadhaar or a bank account linkage. #Economy #NewsTracker #Aadhaar #Arvind Subramanian #Direct Benefit Transfer #Jan Dhan #PAHAL #LPG subsidised cylinders
ATF price raised by 7.5%; non-subsidised LPG to cost Rs 10.50 more

Jun 01, 2015

ATF price raised by 7.5%; non-subsidised LPG to cost Rs 10.50 more

While the market priced or non-subsidised 14.2-kg cylinder will cost Rs 626.50 from today, the in 5-kg pack will cost Rs 318.50. #Economy #NewsTracker #Indian Oil #LPG #Hindustan Petroleum #Bharat Petroleum #ATF #Aviation Turbine Fuel
ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy