Governance Now Visionary Talks Series

Price of subsidised LPG gas up by Rs 1.76 per cylinder

While the price of non-subsidised LPG in Delhi will increase by Rs 35.50 per cylinder in August, the actual impact on subsidised domestic customers is only Rs 1.76

GN Bureau | August 6, 2018


#Indian Oil   #PSU   #IOCL  

Indian Oil Corporation has increased the price of LPG cooking gas by Rs 1.76 per cylinder, taking cost of a subsidised cylinder from Rs 496.26 in July to Rs 498.02 in August in Delhi for domestic customers.

While the price of non-subsidised LPG at Delhi will increase by Rs 35.50 per cylinder in August, 2018 mainly due to change in international price and foreign exchange fluctuations, the actual impact on subsidised domestic LPG customers is only Rs 1.76 per cylinder, which is attributed to GST on the above.

The subsidy transfer in customers’ bank account has been increased to Rs 291.48 per cylinder in August 2018 as against Rs 257.74 per cylinder in July 2018. IOCL says the domestic subsidised LPG customer is protected against the increase in prices of LPG.

Comments

 

Other News

Honouring the Honest: PM launches platform for transparent taxation

Prime minister Narendra Modi on Thursday launched a platform for “Transparent Taxation - Honouring the Honest” through video conferencing. Addressing trade and industry bodies over video conferencing, Modi said the process of structural reforms in the country’s economy has

Few pvt channels give credit to DD: Prasar Bharati CEO

Very few of the 200-plus private news channels gave credit to Doordarshan for the live footage of the historic Bhumi Pujan ceremony at Ayodhya on August 5, says Shashi Shekhar Vempati, CEO, Prasar Bharati. This can impact the revenues but that is not what the public telecaster is aiming at.

Covid-19: More than 3 crore N95 masks distributed

More than 3.04 crore masks of N95 variety and more than 1.28 crore personal protection equipment (PPE) kits have been distributed by the centre to states and union territories (UTs) as part of their joint fight against the Covid-19 pandemic. Since 11th March 2020, more than 10.83 crore HCQ t

Covid-19: Vigorous testing leads to fatality rate drop

India has been registering more new cases of Covid-19 infection than any other country for the past seven days, yet its rigorous push on testing and thus on early identification is bearing fruits, with the case fatality rate (CFR) going further down to 2.1. In a new high, India has scaled th

Election manifestos and voters` Right to Know

Recognising the importance of election manifestos, the supreme court directed the election commission (EC) of India to frame guidelines directly governing the contents of the election manifestos in the case of S. Subramaniam Balaji v. State of Tamil Nadu & Ors. reported in (2013) 9 SCC 659. Although th

No support from govt, says ad veteran Sam Balsara

Advertising veteran Sam Balsara has lamented the lack of support from the government to the industry and said that it has completely ignored the sector. Balsara, the founder, chairman and managing director of Madison World and Madison Communications, said that the government needs to provide

Governance Now 5th PSU IT Forum

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter