The government has allowed state-owned oil companies to raise the
price of kerosene by 25 paise a litre each month for 10 months to cut
the subsidy burden.
On July 1, 2016 kerosene price was hiked by 25 paise a litre, the first increase in rate of the highly subsidised cooking and lighting fuel in five years.
“Petroleum Ministry has conveyed to oil marketing companies to raise kerosene price by 25 paise every month till April 2017,” a senior official said.
The first increase has been notified by the oil companies but the
rates have so far no reflected in the price of kerosene sold through
public distribution system (PDS).
It will happen after state governments concur.
On July 1, 2016 kerosene price was hiked by 25 paise a litre, the first increase in rate of the highly subsidised cooking and lighting fuel in five years.
“Petroleum Ministry has conveyed to oil marketing companies to raise kerosene price by 25 paise every month till April 2017,” a senior official said.
It will happen after state governments concur.
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