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Kerosene

Jun 12, 2015 at 16:59 | Source: Reuters
India has saved 100 billion rupees (USD 1.56 billion) subsidy outgo on cooking gas through a similar scheme, which the government says has knocked off about 40 million illegal consumers from the system.
May 22, 2015 at 22:27 | Source: CNBC-TV18
After LPG, government is looking at a formula to sell kerosene through subsidy sharing.
May 22, 2015 at 11:45 | Source: PTI
The Finance Ministry has sanctioned Rs 5,223 crore fuel subsidy for the January-March quarter to cover almost all of the revenue loss that the two retailers suffered on selling domestic cooking gas (LPG) and kerosene at government rates.
Apr 27, 2015 at 19:52 | Source: CNBC-TV18
OMCs will absorb losses of Rs 2200 crore in the nine months in fiscal year 2015. With this, upstream companies will have to face no subsidy burden in the fourth quarter.
Apr 16, 2015 at 10:14 | Source: Moneycontrol.com
Goldman Sachs expects another Rs 2,700 crore to come from the government towards direct transfer of LPG subsidy, taking the OMCs' total receipts to Rs 8,000 crore.
Apr 15, 2015 at 15:20 | Source: CNBC-TV18
With this decision, Finance Ministry has agreed to fully compensate oil marketing companies for Q4 under-recoveries of FY15, thus exempting upstream oil companies from sharing the burden.
Apr 01, 2015 at 12:52 | Source: Reuters
In separate tenders, IOC is seeking 5,000 tonnes of jet fuel for delivery into Goa and Vasco over May 3 to 5 and 12,000 tonnes of kerosene oil for delivery into Mundra over April 28 to 30.
Mar 29, 2015 at 17:47 | Source: PTI
Government expects that about one crore well off consumers will surrender the subsidy on cooking gas after Prime Minister Narendra Modi's appeal to people not to take subsidy if they can afford to buy LPG at market price.
Mar 27, 2015 at 19:13 | Source: PTI
The upstream subsidy contribution is by way of discount on crude oil they sell to refineries. With international oil prices almost halving to USD 50 per barrel, providing the subsidy discounts would have meant they got rates way below their cost of production.
Mar 27, 2015 at 12:17 | Source: Reuters
India regulates retail prices of liquefied petroleum gas and kerosene to keep prices under check, with producers like ONGC and Oil India selling crude and related products to fuel retailers at a hefty discount to partly compensate for the losses.
Messages on Kerosene »

R Jagannathan

Platinum Member

1296 Followers

Budget  

interactions, but the gist is this: diesel is being deregulated once the subsidies become zero after the monthly increases of 50 paise neutralise the losses faced by oil marketing companies. Subsidies on LPG, kerosene and fertiliser are being capped at specific levels - and their market prices deregulated

11.22 AM Jul 8th 2014

dipu_1990

Platinum Member

193 Followers

Jet Airways  

the ATF is priced higher as it subsidises the other fuels, like kerosene and LPG. it is currently priced around same level as petrol. how much price reduction r u expecting in ATF price, and will that also result in the price of petrol coming down as well? even if there is a minor reduction in ATF

10.17 AM Jul 8th 2014

Web Messenger

Platinum Member

293286 Followers

News Now  

Source:Calcutta Telegraph News - New Delhi, July 4: The government is looking at options to cut the oil subsidy bill, such as a one-time hike in kerosene and cooking gas prices or a phased monthly increase like diesel. “The ministry will put forward different options for the consideration

7.01 PM Jul 7th 2014

Web Messenger

Platinum Member

293286 Followers

Budget  

Source:Economic Times - NEW DELHI: Ruling out any immediate hike in prices of LPG and kerosene, Oil Minister Dharmendra Pradhan today said the new government will continue with the policy of subsidising commonly used cooking fuels.

6.58 PM Jul 7th 2014

uuuthh

Platinum Member

2864 Followers

Indian indices  

Big tickets that would continue the bullish rally in Nifty Good news for some sectors: # Oil and Gas sector - Phased reduction in LPG/Kerosene subsidy # Tax slabs - Income tax slabs to be raised from 2,00,000rs. to 3,00,000rs. # Mortgage tax break - Raise current limit of 1,50,000rs to 3,00,000rs.

5.27 PM Jul 7th 2014

zakmathew

Gold Member

1 Followers

Oil & Gas - Sector  

Govt. should look at alternatives and rationalize expenditure to keep the price at the current level. It is suggested to bring gas, kerosene, petrol, diesel under a comprehensive scheme and provide it at extremely competitive rates through rationalizing expenditure.

10.03 AM Jul 6th 2014

MMB Messenger

Platinum Member

298791 Followers

Oil & Gas - Sector  

Oil Ministry finalises plan for LPG, Kerosene price hike. Will PM give the go ahead?

4.51 PM Jul 4th 2014

R Jagannathan

Platinum Member

1296 Followers

Politics  

450 per cylinder. Kerosene, of course, remains the holy cow - the so-called poor man`s cooking fuel that is actually used to adulterate diesel. With diesel rising consistently, the government has effectively increased the incentive for adulteration and corruption. Why do governments do such daft

12.38 PM Jul 3rd 2014

kolaskar

Platinum Member

133 Followers

HPCL  

hold on to HPCL or buy around 405 levels. This stock is bound to go up as indirect oil reforms are the only reality and possibility in the next 6-8 months. I am sure with a looming large fiscal deficit, there will be some bold announcements on LPG and Kerosene prices in the budget.

11.20 AM Jul 1st 2014

john_H

Silver Member

103 Followers

BPCL  

Target 750 in 3 months, provided govt continues on reform front ( lpg and kerosene hikes) after assembly elections in 3 states.

1.34 PM Jun 30th 2014

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