Ummid Assistant

Mumbai NGO, top experts join hands to train students for civil services exams

Welcome Guest! You are here: Home National

LPG prices may fluctuate every month

Wednesday October 03, 2012 10:49:53 PM, IANS

Mumbai: Oil companies in the country plan to pass on the benefits of fluctuations in the global energy prices to consumers with reductions in the retail sale price of the regular domestic non-subsidised LPG cylinders, a top official said here Wednesday.

The retail sale price of the 14.20 kg domestic non-subsidised LPG cylinder has shot up by Rs.127 a cylinder (in Delhi) from Oct 1, vis-a-vis prices declared for September 2012 due to corresponding increase in the average price of LPG in the international markets last month, said Indian Oil Corporation's director M. Nene, here late Wednesday evening.

The current prices of the non-subsidised non-domestic LPG cylinder stands at: Rs.913 in Kolkata, Rs.894 in Mumbai, Rs.883.50 in Delhi and Rs.877.50 in Chennai.

"Any decrease in the LPG prices in international markets would be passed on to the consumers by way of reductions in the domestic prices of non-subsidised domestic LPG cylinders supplied to households during the monthly review," Nene assured.

Similarly, any increase would also have to be borne by the consumers, depending on a variety of factors in the international markets, including demand-supply in the world, the fluctuating dollar rates and other issues, he added.

Nene added that although the government has restricted the supply of subsidised domestic LPG cylinders to six of 14.20 kg per annum, there is no restriction on the number of non-subsidised cylinders the consumers can buy.

Besides, the government has granted exemption on customs and excise duties on non-subsidised LPG cylinders to reduce the price burden on the domestic consumers.

Under the new scheme, the public sector oil marketing companies shall henceforth declare monthly prices of non-subsidies 14.20 kg domestic LPG cylinder for supplies to households as per landed costs on import parity basis, which would be based on multiple factors.

Around 95 percent of the country's LPG gas consumers shall have to bear the higher costs under the new scheme; the remaining five percent, mostly in some major cities like Mumbai, are using piped gas.

 










 

 

 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

 

More Headlines

Rahul to visit Kashmir amid panchayat panic

UAE launches IT based initiatives to improve education quality

Lightning kills 10 in UP

Good if girls marry before 18: Survey

Jamia Millia Islamia students march for human rights in Northeast

Plea seeks action against Google on blasphemous film videos

A Gujarat polling station for one voter!

'Australia will protect Indians hit by college closure'

Girls away from schools due to lack of toilets: CRY

Medicines should be within reach of common man: SC

Himachal polls on Nov 4, Gujarat on Dec 13 and 17

Sonia sounds Gujarat poll bugle, challenges Modi

Family which served the blind in two continents for four generations

 

Top Stories

Sonia sounds Gujarat poll bugle, challenges Modi

Sounding the rallying cry for a new Gujarat, Congress president Sonia Gandhi Wednesday defended the central government's decisions on the economy and said the state's ruling BJP was not against corruption but only against her party. 

Narendra Modi kickstarts poll campaign in Gujarat

Himachal polls on Nov 4, Gujarat on Dec 13 and 17

 

  Most Read

Medicines should be within reach of common man: SC

The Supreme Court Wednesday said that the government will not disturb the retail price mechanism of essential drugs under the price control order while increasing the number of important  

'Australia will protect Indians hit by college closure'

Over 500 Indian students whose future has been hit by the closure of three colleges in Australia will be placed in alternative course or refunded any unspent tuition fees, the Australian High Commission here has assured. Australia's vocational education regulator, the Australian 

 

  News Pick

UNESCO appoints Saudi woman researcher as Goodwill Ambassador

The Director General of United Nations Educational, Scientific and Cultural Organization (UNESCO) Irina Bokova appointed  

India slips to 7th spot globally in coffee production

Even as India remains upbeat on surging demand for its coffee beans in the global market, its planters have reasons to worry as their share in the world production slipped to seventh position in 2011-12. "With four percent 

Maldivian MP killed outside his home

A Maldivian parliamentarian, belonging to former president Abdul Gayoom's political party, was found stabbed to death near his home Tuesday. Afrasheem Ali, whose Progressive Party of Maldives was a member of the  

2010 CWG: No convictions, 12 cases dismissed, three on

Two years after the Oct 3-14, 2010 Commonwealth Games, that got mired in a welter of corruption charges and led to the arrests of top people 

Despite controversy, Commonwealth Games brought benefits to India

CBI files chargesheet in CWG case, names Kalmadi and others

 

Picture of the Day

Union ministers Kapil Sibal and Ghulam Nabi Azad laying the foundation stone of PMSSY building at J. N. Medical College, AMU. The ministers visited the Aligarh Muslim University on September 30, 2012 to inaugurate the Golden Jubilee celebrations of Jawaharlal Medical College.

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.