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Godrej Consumer margins hit hard by oil pricesGodrej Consumer Products said surging LPG, kerosene and LABSA costs hit its India margins in the June quarter despite healthy volumes. Cons...
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Kerosene subsidy removed via small price hikes over 4 yearsKerosene prices fell by 23 paise a litre this month, the first fall since July 2016 when oil companies started raising prices by 25 paise a...
Steep decline in consumption of subsidised kerosene in FY17Use of kerosene has been declining for a decade but the rate has mostly been in lower single digit. It fell 4.2% in FY2016.
Better targeting of kerosene subsidy govt's next agenda: FM Arun Jaitley
Govt frees non-PDS kerosene from regulatory controlWith a view to ease the availability of market-priced kerosene, the government has freed sale of non-PDS kerosene from regulatory control.
- Ration card holders to get kerosene subsidy directly
To check the black marketing of cheap kerosene sold through the PDS, Govt has decided to deposit subsidy on the fuel directly in the bank a...