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English Release 3-March 2015
Date Month Year
  • President's Secretariat
  • President of India to inaugurate week long Festival of Innovations at Rashtrapati Bhavan on March 7, 2015

  • President of India’s message on the eve of National Day of Bulgaria
  • Dr. Baburam Bhattarai, former PM of Nepal calls on the President
  • Prime Minister's Office
  • Text of PM's reply to the debate on Motion of thanks to President’s Address in Rajya Sabha (Preliminary Transcript)
  • AYUSH
  • Increase in Demand for Medicinal Plants
  • Election Commission
  • Election Commission launches National Electoral Roll Purification and Authentication Programme (NERPAP) from today
  • Min for Develop. of North-East Region
  • Government to promote Northeast Study Center in JNU
  • Min of Agriculture
  • GIS System for Fisheries Sector
  • Employment in Agriculture
  • Use of Modern Equipments in Fruits Production
  • Formation of Multi State Cooperative Societies
  • Min of Chemicals and Fertilizers
  • Revival of Pharmaceutical Units
  • Indigenous Manufacturers Allowed Production of Fortified/ Coated Urea
  • Scheme Approved for Setting UP of Plastic Parks
  • Min of Civil Aviation
  • Thirtyfive Non-metro Airports Identified for Development
  • DGCA Sets up Unit to monitor Airfare
  • Min of Consumer Affairs, Food & Public Distribution
  • 100 Lakh MT wheat for Open Market Sale to contain prices
  • Steps Taken by the Government to contain prices of Essential Food Items
  • The Government targets 300 LMT wheat procurement for ensuing Rabi season
  • Measures to ensure remunerative prices for farmers
  • More than 242 lakh Families having highly Subsidised Foodgrains under the Antyodaya Anna Yojana
  • End-to-End Computerisation of PDS as a Mission Mode Project
  • Adequate foodgrains in the Central pool to meet the domestic requirement
  • Min of Corporate Affairs
  • CSR Activities in Metropolitan Cities of Maharashtra Question
  • Registration of Shell Companies
  • Need of Trained Professionals for CSR Activities
  • Records of Companies Under CSR Category
  • Min of Defence
  • Admiral Harry Harris Jr, Commander Pacific Fleet calls on Admiral Rk Dhowan, Chief of the Naval Staff
  • Intensifying Patrolling of Coastal Areas
  • Acquisitions of Submarines by Indian Navy
  • Quality of Products and Research made by DRDO
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  • Procurement of Stealth Fighter Aircraft
  • Restructure of BRO
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  • Rehabilitation of Ex-Servicemen
  • Induction of LCA Tejas
  • Collision of Merchant Vessel with INS Cora
  • Stress on Investment Route in Defence Cooperation Agreements
  • Condition of Border Roads at Indo-China Border
  • Poor Conditions of Border Roads in Himachal Pradesh
  • Defence Procurement Deals Under Investigation
  • Defence Organisation Under the Purview of RTI
  • Min of Health and Family Welfare
  • Health Secretary Holds Review Meeting on H1N1
  • Recruitment Rules of Unani and Ayurvedic Pharmacists in CGHS Dispensaries
  • Registration of Slaughter Houses with FSSAI
  • Revision of National Health Policy
  • Side-Effects of Harmful Radiation from Mobile Phones and Towers
  • Effective Implementation of PNDT Act
  • Improvement of Service Conditions of Nurses
  • Compensation to Clinical Trial Volunteers
  • Formulary of Ayurvedic Medicines of CGHS
  • Diagnosing TB Under RNTCP
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  • Surrogacy Centres in the Country
  • Affordable Geriatric Healthcare
  • Avability of Oseltamivir to Treat Influenza a N1H1
  • Min of Home Affairs
  • False Cases
  • Crime Against People from North-East
  • Security of People from NER
  • Terror Camps in Bangladesh
  • Forensic Labs
  • Smuggling of Animals
  • Women Police Stations
  • Min of Law & Justice
  • Transfer of Shri Justice Raghvendra Singh Chauhan , Judge of Rajasthan High Court as Judge of Karnataka High Court
  • Appointment of Shri Justice Pradip Kumar Mohanty, Senior-Most Judge of Orissa High Court to Perform the Duties of the office of the Chief Justice of Orissa High Court
  • Min of Minority Affairs
  • Assistance to Women and Students of Minority Communities
  • Action Taken on The Report of Amitabh Kundu Committee
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 59.95 per bbl on 02.03.2015
  • Min of Shipping
  • Agreement Signed for Export of Automobile Units through Kamarajar Port
  • Nitin Gadkari Launches ‘Shipping Samvad’
  • Min of Social Justice & Empowerment
  • Meeting of the Working Group on the Asian and Pacific Decade of Persons with Disabilities concludes toda
  • Training to Professionals for Care of Older Persons
  • Fund Allocation for OBCs
  • Improving the Condition of Older/Aged Persons
  • Pradhan Mantri Adarsh Gram Yojana
  • Financial Assistance for Scheduled Castes
  • 2.68 Crore Persons with Disabilities as per Census 2011
  • Institution for Deaf Students
  • Min of Urban Development
  • Two engineers of CPWD dismissed from service for corruption
  • Min of Youth Affairs and Sports
  • Sports Coaching Institutes in Rural Area
  • Youth Exchange Programme
  • Programmes through Nehru Yuva Kendras
  • Special Awards to Medal Winner in Sports Events
  • Funds for Development of Youth
  • National Service Scheme
  • Irregularities in Sports Bodies
  • Functioning of RGNIYD

Previous Date

 
Ministry of Petroleum & Natural Gas25-June, 2010 18:51 IST
Petrol Prices Deregulated
Marginal Increase in HSD, PDS Kerosene and Domestic LPG Prices
Government to bear a large part of Under Recoveries
PRESS NOTE

To arrive at a viable and sustainable system of pricing of petroleum products, Government had set up an Expert Group under the chairmanship of Dr. Kirit Parikh. In the light of Government’s budgetary constraints and the growing imperative for fiscal consolidation, and the need for allocating more funds to social sector schemes for the common man, the Government has decided that the pricing of Petrol and Diesel both at the refinery gate and the retail level will be market-determined. However, in respect of Diesel, the initial increase in retail selling price of Diesel will be Rs.2 per litre at Delhi, with corresponding increases in other parts of the country. Further increases will be made by the Public Sector Oil Marketing Companies (OMCs) in consultation with the Ministry of Petroleum & Natural Gas. It has also been decided that in case of a high rise and volatility in international oil prices, Government will suitably intervene in the pricing of Petrol and Diesel.

2. Market determined pricing of Petrol and Diesel is expected to do away with the OMCs’ under-recoveries on these two products, which are projected to be approximately Rs.22,000 crore during the remaining part of 2010-11. This will not only improve their financial health, it will also enable Government to allocate greater resources for social sector schemes. Market determined pricing is expected to attract higher investments in the fuel retail sector, and by spurring market competition, encourage OMCs to reduce costs, improve efficiency and service standards. Market determined pricing will also incentivise fuel conservation and encourage the consumer to adopt fuel efficiency practices.

3. In view of the importance of the household fuels, namely PDS Kerosene and Domestic LPG, the Government has decided that the subsidies on these products will continue. The PDS Kerosene and Domestic LPG Subsidy Scheme, 2002 and the Freight Subsidy (For Far-flung Areas) Scheme, 2002 have been extended till 31.03.2014.

4. The current prices of PDS Kerosene and Domestic LPG are the lowest among the neighbouring countries. The consumer price of Kerosene is Rs.35.97/litre in Pakistan, Rs.29.43/litre in Bangladesh, Rs.21.02/litre in Sri Lanka and Rs.39.24/litre in Nepal. Similarly, the consumer price of LPG is Rs.577.18/ cylinder in Pakistan, Rs.537.37/ cylinder in Bangladesh, Rs.822.65/ cylinder in Sri Lanka and Rs.782.84/ cylinder in Nepal.

5. At current international oil prices, the OMCs are incurring an under-recovery of Rs.17.92 per litre on PDS Kerosene and Rs.261.90 per cylinder on Domestic LPG. To reduce this under-recovery burden of the OMCs as also to protect the common man, the Government has decided to increase the retail price of PDS Kerosene by only Rs.3 per litre and of Domestic LPG by only Rs. 35 per cylinder (at Delhi), with corresponding increases in other parts of the country.

6. Even after the above measures, the Government and the Public Sector oil companies are expected to bear an estimated under-recovery burden of about Rs.53,000 crore on the four sensitive petroleum products during 2010-11.

7. The Government is committed to making available the essential fuels, particularly the cooking fuels to the common man at affordable prices. The above decisions will not only continue to protect the vulnerable sections of society but also improve the financial health of the public sector OMCs, which need resources to invest in new refineries, marketing terminals, storage depots, pipelines, port facilities and other infrastructure for ensuring the country’s long-term energy security.

RCJ/ls
(Release ID :62834)

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