Warhel :: Government caps kerosene subsidy at Rs 12litre-LPG at Rs 18kg

Government caps kerosene subsidy at Rs 12litre-LPG at Rs 18kg

Updated on: 10-Aug-2015 Views: 262 Views
Government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, oil minister Dharmendra Pradhan said on Monday.

Government caps kerosene subsidy at Rs 12litre-LPG at Rs 18kg


Kerosene through public distribution system (PDS) is sold at Rs 14.96 per litre against the actual cost of Rs 29.91. The difference between the two, Rs 14.95 per litre, is termed as under-recovery or revenue loss.



While the government will provide Rs 12 to meet most of this, the remaining Rs 2.95 will be borne by oil producers ONGC and Oil India Ltd, he said.



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