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Diesel price for bulk consumers hiked; non-subsidised LPG cut

[email protected] (PTI)
March 3, 2013

Diesel-rate-hike-190New Delhi, Mar 3: Diesel price for bulk consumers like Railways has been hiked by almost a rupee per litre, while the price of cooking gas (LPG) is cut by Rs 37.50 a cylinder that consumers buy beyond their quota of subsidised bottles.

Neither the retail prices of diesel sold through petrol pumps nor rates for subsidised LPG cylinders has been changed.

The government had in January allowed state-owned oil firms to sell diesel to all consumers taking supplies from their installations at market price.

Pursuant to the decision, oil companies sold diesel to bulk consumers like Defence, Railways and State Road Transport Corporations at a rate of Rs 58.58 per litre as compared to Rs 48.16 per litre price of the fuel at petrol pumps in Delhi.

Industry sources said the oil firms yesterday hiked the price of diesel for the bulk consumers by 94 paisa, excluding local sales tax or VAT. The actual increase for consumers will be up to Rs 1.25 per litre.

The hike in bulk diesel price was necessitated by the firming up of international oil rates. This has led to loss on diesel sold through petrol pumps rising to Rs 11.26 per litre from Rs 10.72 last month.

Also, oil companies cut the price of cooking gas (LPG) that consumers will have to buy beyond their quota of 9 subsidised cylinders in a year. The non-subsidised LPG will cost Rs 904.50 per 14.2-kg cylinder as against Rs 942 a bottle previously.

Just yesterday, the oil companies had raised petrol price by Rs 1.40 a litre, excluding VAT on firming global oil rates. The hike in Delhi translated into Rs 1.68 and petrol now costs Rs 70.74 a litre in the national capital.

Together with Rs 1.50 per litre hike in rates effected from February 16, petrol price have been raised by about Rs 3 per litre in two weeks.

Sources said oil firms continue to incur a loss of Rs 439 on sale of every 14.2-kg cylinder at subsidised rate of Rs 410.50 in Delhi. On kerosene, they lose Rs 33.43 per litre and will end the fiscal with a loss of Rs 163,500 crore on fuel sales.

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Agencies
January 24,2020

New Delhi, Jan 24: The government's plan to sell national carrier Air India may face political and legal headwinds with senior BJP leader Subramanian Swamy raising the red flag against the decision.

Days before the launch of bidding process by inviting Expressions of Interest (EoI) from potential suitors, Swamy has warned against such move, saying the issue was currently being discussed by a Parliamentary panel.

"Right now, it (Air India disinvestment) is before the consultative committee and I am a member of that. I have been asked to give a note which will be discussed in the next meeting. They can't go ahead without that," Swamy told media.

"If they do, I will go to court. They know that too," he cautioned.

A vocal opponent of Air India privatisation, Swamy had earlier suggested to list 49 per cent of Air India shares on stock exchanges while government holds 51 per cent in the carrier, as an alternative to selling its entire stake to private companies.

It has been reliably learnt that the Rajya Sabha member had expressed reservations over privatisation of Air India at the meeting of a Parliamentary consultative committee earlier this month.

After its failed first attempt, the Modi government has shown great zeal this time to sell Air India. It is set to offer a sweetened deal to potential buyers this time around by removing a large chunk of the debt and liabilities from the airline’s books.

Aviation Minister Hardeep Singh Puri had earlier said that Air India will be shut down, in case the disinvestment exercise is not successful.

Sources told media that the preliminary information memorandum (PIM) inviting EoI has been tentatively scheduled to be unveiled on January 27.

Air India is proposed to be sold along with its subsidiary Air India Express and ground-handling joint venture company Air India Singapore Airport Terminal Services Ltd (AISATS) in which it has 50 per cent stake.

Air India on January 10 came out with a tender for engaging aircraft asset management companies for carrying out technical audit of its entire fleet.

A Ministerial panel on Air India chaired by Home Minister Amit Shah on January 7 approved the draft EoI and a share purchase agreement (SPA) for the airline's disinvestment.

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News Network
March 12,2020

Bengaluru, Mar 12: Imarti Devi, who recently resigned as Congress MLA from Madhya Pradesh, on Wednesday said that she was happy with Jyotiraditya Scindia's decision to join the BJP.

Imarti said: "All 22 MLAs are here (in Bengaluru) on their own. We're happy that Scindiaji has taken this decision. I'll always stay with him even if I had to jump in a well."

"When we were in the Congress, Kamal Nathji never heard us," she said.

Another rebel leader and former minister Mahendra Singh Sisodia said: "Betrayal is not done by Jyotiraditya Scindia. Instead, betrayal was done by the Congress and Kamal Nathji."

"Congress betrayed the people of Madhya Pradesh. We are with Jyotiraditya Scindia," he said.

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Agencies
August 1,2020

Chandigarh, Aug 1: The death toll in the Punjab spurious liquor tragedy rose to 86 on Saturday even as Chief Minister Amarinder Singh suspended seven excise officials and six policemen, officials said.

The government also announced a compensation of Rs 2 lakh for each of the families of the deceased, they said.

Tarn Taran alone accounted for 63 deaths, followed by 12 in Amritsar and 11 in Gurdaspur’s Batala. Till Friday night, the state had reported 39 deaths in the tragedy unfolding since Wednesday night.

According to an official statement, the CM ordered the suspension of seven excise officials, along with six policemen.

Among the suspended officials are two deputy superintendents of police and four station house officers.

Strict action will be taken against any public servant or others found complicit in the case, said the chief minister, describing the police and excise department failure to check the manufacturing and sale of spurious liquor as shameful.

Nobody will be allowed to get away with feeding poison to our people, he added.

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