LPG GAS
Budget 2024: Will govt retain focus on LPG subsidy to keep the cooker burning in rural India?
Union Budget 2024: The Modi-led government is likely to allocate Rs 9,000 crore for the LPG subsidy to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in the upcoming Budget, according to a report by ET Now citing sources. This move continues the government's focus on providing subsidies under the Ujjwala Yojana scheme, primarily benefiting women.
Petrol sales up 4%, diesel 1% in June
Fuel sales data from April to June indicates a growth in petrol and diesel consumption, with petrol sales rising by 4.2% and diesel sales by 0.7% year-on-year. The aviation turbine fuel (ATF) and liquefied petroleum gas (LPG) sales also saw increases, reflecting a positive trend in the national oil product demand.
ATF price hiked 1.2% after a 6.5% cut seen in June
Jet fuel prices saw a 1.2% hike on Monday, with Aviation Turbine Fuel (ATF) rising to Rs 96,148.38 per kl in Delhi, following a previous 6.5% reduction on June 1. In Mumbai, ATF reached Rs 89,908.30 per kl. Meanwhile, commercial LPG prices for hotels and restaurants were cut by Rs 30 per 19-kg cylinder to Rs 1,646.
LPG Price Cut: Commercial LPG cylinder prices slashed yet again, this time by Rs 30
LPG Price Cut: Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders yet again/ This follows recent cuts, including a Rs 69.50 reduction on June 1. These reductions provide essential relief to businesses, especially in the food and hospitality sectors, amid economic challenges.
10 Best Three Burner Gas Stoves for Effortless Cooking
Discover the best three burner gas stoves that combine efficiency, safety, and modern design. This article reviews leading models, highlighting their unique features such as auto-ignition, spill-proof trays, and durable brass burners. Perfect for multitasking in the kitchen, these stoves promise enhanced cooking experiences with consistent performance and stylish aesthetics.
Cooper Corp, Sinfonia Tech join hands to introduce LPG gensets in India, Japan, ASEAN countries
The company also informed that 'CPCB IV+' certified LPG gensets developed under the partnership will be unveiled at the Gas India Expo 2024 at Expo Centre Greater Noida next month.
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Hot Stocks: Brokerage view on Wipro, IndiGo, UNO Minda and GAIL
Domestic brokerage Kotak Institutional Equities has a buy rating on IndiGo with a target price of Rs 5,700. The probability of Indigo breaching margin peaks is increasing. Most challengers to IndiGo will see another year of stiff losses in FY2025.
Commercial LPG prices slashed by Rs 69.50 after a Rs 19 cut in May; ATF prices revised down 6.5%
Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 69.50 in Delhi, bringing the new price to Rs 1676. This follows a Rs 19 reduction on May 1, 2024, reflecting a positive trend for businesses. Price adjustments are influenced by international oil prices and other factors.
Russia plans to open sea terminal for LPG exports to Asia by 2025-end, sources say
Russia and China are set to open the first LPG terminal on Russia's Pacific coast by the end of 2025, facilitating LPG exports to China and other Asian countries.
Electioneering at its peak but diesel sales slide, petrol almost flat
India's diesel sales dropped in early May, while petrol consumption remained steady despite peak election campaigns, according to state-owned firms' preliminary data. Petrol sales in the first half of May were nearly unchanged from last year, at 1.367 million tonnes. Diesel sales fell by 1.1% to 3.28 million tonnes, continuing declines seen in previous months. Despite factors like electioneering and reduced fuel prices, diesel demand has not increased. Jet fuel sales rose year-on-year, but cooking gas LPG sales slightly declined.
GAIL Q4 Results: Profit grows over 3x to Rs 2,177 crore; revenue drops 2%
On a sequential basis, profit after tax was down 23% QoQ from Rs 2,843 crore reported in the preceding December quarter. Meanwhile, revenues also dropped 6% compared with the third quarter period.
IOC, BPCL, HPCL post Rs 81,000 cr record profit in FY24
The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that they needed to recoup losses incurred in the year when they kept rates lower than cost.
IOC, BPCL, HPCL post Rs 81,000 cr record profit in FY24
The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that they needed to recoup losses incurred in the year when they kept rates lower than cost.
Car sales & summer heat fuel petrol demand in April
Sales of petrol by state-run fuel retailers rose 12.3%, showed provisional data sourced from state-run companies. This is lower than the overall increase of 14% for the industry, indicating market share expansion for private players. Similarly, diesel sales by state-run companies fell 2.3% against an overall 1% rise for the industry in April. ATF and LPG sales by state-run companies expanded by 7% and 12%, respectively, in April.
Prices of commercial LPG cylinders slashed by Rs 19; ATF rate hiked marginally
Oil marketing companies on Wednesday revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders was slashed by Rs 19 with immediate effect.
LPG Price Cut: Prices of 19-kg commercial, 5 kg FTL cylinders cut ahead of Lok Sabha elections; check new rates
LPG price cut: The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi starting from April 1. Similarly, the price of the 5 kg FTL cylinder has been lowered by Rs 7.50, reported ANI, citing sources.
Preparations for Modi regime 3.0: To fire up PNG adoption, govt may hand out free connections
Petroleum ministry plans Prajwala scheme for free PNG connections and subsidies, inspired by Ujjwala scheme. Prepaid meters and gas pipeline grid crucial. Penalties for distributors missing targets. LPG costs in Delhi compared.
Oil Min counters Rs 399-414 LPG cylinder price during UPA govt vs Rs 803 under BJP rule with 'where was gas' jibe
Oil Minister Hardeep Singh Puri has criticized the opposition Congress' statement of providing cooking gas at Rs 399-414 per cylinder, compared to the Rs 803 rate for general customers and Rs 503 for Ujjwala beneficiaries under the BJP. Puri argued that the pricing under the UPA government was neither here nor there due to scarce availability and the subsidy going to the undeserving.
"Decision taken to extend LPG subsidy for one year," says Union Minister Hardeep Singh Puri
Union Minister Hardeep Singh Puri highlighted PM Modi's decision to reduce LPG cylinder prices, making them more accessible and affordable. He criticized the scarcity of cylinders and the challenges in pricing and subsidy distribution. The reliance on imported crude oil impacts the pricing of LPG cylinders and other petroleum products.
LPG cylinder prices cut by Rs 100 to ease Indian households' cost burden: PM Modi
Cooking gas cylinder prices: India has reduced LPG cylinder prices by 100 rupees, providing relief to households and benefiting women on Women's Day, according to Prime Minister Narendra Modi. The move comes ahead of the Lok Sabha elections, where high inflation rate is seen to be a key issue for debate.
LPG imports surge 60% in five years
Imports increased to 18.3 million metric tonnes (MMT) in 2022-23 from 11.4 MMT in 2017-18, according to the petroleum and natural gas ministry data. Domestic LPG production grew barely 4% in the five years to 2022-23 while consumption expanded 22%.
How to clean gas stove burners at home to keep it like new
Gas stove burners are often overlooked during cleaning, leading to issues like uneven flame distribution and increased LPG consumption. Regularly cleaning the burners is crucial to save time and money. Here are some simple and effective tips: boil onion, use vinegar, mix baking soda with lemon juice, boil water with salt, rub lemon on the burner, and use dishwashing liquid.
Cabinet clears marketing margin for supply of domestic gas to urea plants
The Union Cabinet, led by Prime Minister Narendra Modi, approved the determination of marketing margin on the supply of domestic gas to Fertilizer (Urea) Units. This approval aims to provide additional funds to various Fertilizer (Urea) Units for the marketing margins component paid by them on domestic gas procured from May 1, 2009, to November 17, 2015. The rates will be based on those already in effect from November 18, 2015, onwards. Ministry of Petroleum & Natural Gas described this approval as a structural reform.
41% in India still rely on biomass for cooking, emitting 340 million tonnes of CO2 annually, says report
A new report reveals that 41% of the Indian population still relies on biomass for cooking, emitting 340 million tonnes of CO2 annually. The study, titled "India's Transition to E-cooking" by the Centre for Science and Environment, highlights that the Pradhan Mantri Ujjwala Yojana has not ensured a sustained transition to clean cooking. Globally, 2.4 billion people lack access to clean cooking solutions, resulting in significant damage to the economy, public health, and the environment. Indoor air pollution from wood-based cooking causes about 3 million premature deaths annually, with 0.6 million in India.
Domestic natural gas consumption surges owing to favorable international prices
Higher prices hurt India’s LNG imports and overall gas consumption last fiscal year. Demand recovered this fiscal year as prices normalized. LNG imports are up 14% year-on-year in the April-December period while total gas consumption in the country is higher by 9.4%. Imports account for 46% of total domestic gas consumption.
Relief for commercial gas users as LPG prices slashed by around Rs 40 in an off-cycle move
Oil Marketing Companies (OMCs) have reduced prices of 19 kg LPG cylinders by Rs 39.50 in the four metros. The price cut is a relief for commercial cooking gas users like hotels and restaurants. The revision is usually based on the average international price in the previous month. The new prices are effective from December 22, 2023.
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