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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
Non-subsidised LPG rate cut by Rs 5, jet fuel rates marginally raised

May 01, 2015

Non-subsidised LPG rate cut by Rs 5, jet fuel rates marginally raised

Price of non-subsidised LPG was on Friday cut by Rs 5 per cylinder even as jet fuel (ATF) rates were marginally raised in step with global trend. #NewsTracker #Jet fuel #ATF #non-subsidised LPG #domestic cooking gas
Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

Apr 22, 2015

Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

The government's decision to free ONGC from having to subsidise LPG this year is good, but this decision cannot depend on the vagaries of global oil prices. Deregulation cannot be brought in or abandoned based on convenience #ONGC #LPG Subsidies #Dharmendra Pradhan #Oil Price Deregulation #Windfall Profits Tax
Centre mulls auction of ONGC, Oil India oil fields to private firms

Apr 14, 2015

Centre mulls auction of ONGC, Oil India oil fields to private firms

The ministry is reasoning the auctioning of the marginal fields to they being uneconomic for a large firm with huge overheads to develop or bring to production. Smaller firms with a fraction of operating cost can develop them at a much faster and economic rate. #CAG #NewsTracker #ONGC #LPG #Kerosene #Oil India #CCEA #New Exploration Licensing Policy
Dear PM Narendra Modi, here's why I will not be giving up my LPG subsidy

Apr 10, 2015

Dear PM Narendra Modi, here's why I will not be giving up my LPG subsidy

A political party and its followers who threw a fit when the UPA government decreased the number of subsidized LPG cylinders now want everybody to renounce subsidy. #Narendra Modi #ConnectTheDots #LPG #LPG cylinders #NDA Government #LPG subsidy
PM asks better-offs to forgo LPG subsidy, help the poor get gas connections

Apr 03, 2015

PM asks better-offs to forgo LPG subsidy, help the poor get gas connections

"Give it up" campaign should be taken up on the lines of "Swacch Bharat" and "Beti Bachao, Beti Padhao initiatives, Modi said. #Economy #UPA #BJP #Narendra Modi #NewsTracker #LPG subsidy
PM Modi urges the rich to ditch LPG subsidy; resolves to cut dependence on oil imports

Mar 28, 2015

PM Modi urges the rich to ditch LPG subsidy; resolves to cut dependence on oil imports

Prime Minister Narendra Modi on Friday appealed to the well off people to give up subsidised cooking gas. #Business #India #NewsTracker #Subsidy #Cooking Gas #DBT #subsidised LPG #PM Narendra Modi
Here's why Arvind Subramanians economic survey offers a subsidy 'Nirvana'

Feb 27, 2015

Here's why Arvind Subramanians economic survey offers a subsidy 'Nirvana'

In his press conference, chief economic adviser Arvind Subramanian alerted journalists to not look at the Economic Survey as anything more than wishful policy thinking. #Economy #GDP #Kaushik Basu #Raghuram Rajan #Aadhaar #LPG #Arvind Subramanian #Jan Dhan Yojana #Budget2015 #RailwayBudget2015 #JAM Number Trinity
By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

Feb 16, 2015

By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

The Modi government has, by allowing petrol and diesel prices to rise this week, has indicated that it intends to let prices be determined by market conditions. It needs to distance itself further from these decisions. #Petrol #Oil subsidies #Diesel #Diesel Price HIke #LPG Deregulation #Oil Deregulation #Kerosene Prices