Kerosene

India extended an additional USD 500 million credit line to Sri Lanka last month to help the neighbouring country import fuel as it has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in recent times, causing a devaluation of its currency and spiralling inflation.

Budget 2021: Fuel subsidy to be half its target this fiscal

Out of the expected Rs 21,000 crore for the current financial year, Rs 16,960 crore are arrears for the financial year 2019-20.

Govt may ask oilcos to share LPG, kerosene subsidy burden: India Ratings and Research

Producers Oil and Natural Gas Corp (ONGC) and Oil India Ltd as well as gas utility GAIL were in past asked to bear between one-third to half of the under-recovery fuel retailers incurred on selling LPG and kerosene below market rate.

Clamour grows to bring petroleum under GST; J&K fires 1st salvo

While products like kerosene, naphtha and LPG will be under the ambit of GST, five items — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded from the basket for the initial years.

Asian jet fuel profits plunge on record China, India exports

Record exports from China and India are pressuring the margins downwards despite firm demand for air travel, the sources said.

5 large-cap stocks with the rare combo of good fundamentals & decent valuations

With global market signals confusing and Indian markets perched at uncomfortable highs, investors are seeking the safe haven of quality.

Better targeting of kerosene subsidy is govt's next agenda: FM

"Kerosene in some parts of the country is used as fuel, and in many parts... is misused. There is a huge amount of diversion... So, states are making efforts to become kerosene free because of a lot of diversion taking place," he said at an event of the Observer Research Foundation here today.

Oil imports touch 7-yr high in August

India's crude oil imports touched 7-year high in August as oil companies stepped up purchases to meet galloping domestic fuel demand.

Govt to expand DBT to 147 schemes by next March: Lavasa

Buoyed by the initial success of Direct Benefit Transfer, government plans to double the number of schemes under DBT to 147 by March and has launched pilots for paying subsidy on food, kerosene and fertiliser directly via bank accounts of beneficiaries, a top official has said.

Hiking kerosene price by 50p/L every month, says HPCL CMD Surana

In an interview with CNBC-TV18, MK Surana, CMD of HPCL said that the first quarter GRM does not include inventory gains.

Subsidised LPG price hiked by Rs 1.93 per cylinder

A subsidised 14.2-kg cylinder will now cost Rs 423.09 in Delhi as against Rs 421.16 previously, according to state- owned oil firms.

ONGC may save Rs 800cr from kerosene price hike: RS Sharma

RS Sharma, CMD, ONGC is very happy with the government's announcement of hike in kerosene price, which will help reduce the subsidy burden of these companies.

IIFL's take on kerosene price hike, Brexit impact on Tata Motors

Prayesh Jain of IIFL tells CNBC-TV18 why the kerosene price increase augurs well for ONGC and Oil India and his take on Tata Motors post Brexit.

With crude firming up, HPCL likely to see higher margins

Retail prices of kerosene have been increased by 25 paise per litre as of now and J Ramaswamy, Director Finance of HPCL is hopeful the government will take the right pricing action in future as well.

Kerosene hiked 25 paise; it's a plus for OMCs: Ex-ONGC chief

The hike was long due and will be positive for upstream and oil marketing companies (OMCs) like Oil and Natural Gas Corporation, says RS Sharma, Former CMD, ONGC.

Non-subsidised LPG, kerosene, ATF prices hiked

Kerosene sold to non-ration card segment outside the subsidised public distribution system (PDS) will cost Rs 49,109.05 per kilolitre (kl) or Rs 49.1 a litre in Delhi as against Rs 46,172.13 per kl previously.

India's fuel demand likely to rise 7.3% in FY17

Diesel demand, which soared 7.5 percent to 74.6 million tonnes last fiscal, is projected to further go up by 7.7 percent to 78.11 million tonnes.

Fitch affirms 'BBB-' rating on IOC

"Fitch equalises IOC's rating with that of its largest shareholder, the state of India (BBB-/Stable) due to their strong operational and strategic linkages," the credit rating agency said in a statement.

Don't cut expenditure: Bimal Jalan panel tells govt

The report has been prepared after examining nine areas of expenditure management — including issues related to fertiliser subsidy, Direct Benefit Transfer (DBT), removal of cesses, among others

Macro Eco Survey 2016: Undeserving people mooching off needy when it comes to subsidies

The central and state governments subsidise a wide range of products — including rice, wheat, pulses, sugar, kerosene, LPG, naphtha, water, electricity, fertiliser, iron ore, railways, among others — in order to make these affordable.

Govt exempts ONGC, Oil India from fuel subsidy payment in Q3

As per a new fuel subsidy sharing formula approved last year, upstream firms Oil and Natural Gas Corp (ONGC) and OIL have to make good any revenue loss incurred by fuel retailers on selling kerosene through PDS and domestic LPG after taking into account the fixed subsidy provided by the government.

After kerosene, it is now time for food and fert subsidy reforms

India's food subsidy for 2015-16 was estimated at around Rs 1.24 trillion. The government believes food subsidy savings through DBT will be much higher than that for LPG. To put things into perspective, the government hopes to save Rs 15000 crore in LPG subsidy leakages every year

Kerosene DBT can result in 40% savings on under-recoveries: ICRA

The proposed DBT scheme can result in an estimated 30-40 percent savings annually on kerosene under-recoveries if implemented nationally, ratings agency Icra said in a note.

DBT in kerosene a reform; to help better targeting: FinMin

The government last night said it will roll out Direct Benefit Transfer (DBT) for kerosene from April 1 where the users will buy the cooking fuel at market rate but will get financial support directly in their bank accounts.

SC allows voluntary use of Aadhar for MNREGA, Jan Dhan, EPF

However, the court has reiterated that people without Aadhar can not be placed in a disadvantageous position.