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English Release 1-October 2014
Date Month Year
  • President's Secretariat
  • President Congratulates Medal Winners in Asian Games 2014

  • Swatchh Bharat Abhiyan in Rashtrapati Bhavan
  • President Expresses Condolences Over Loss of Lives Due to Crash of Army Helicoper in Bareilly, Uttar Pradesh
  • New E-Payment Gateway System with Additional Features for Online Booking of Visits to Rashtrapati Bhavan Launched

  • Message to the Nation from the President on the eve of Gandhi Jayanti
  • President Expresses condolences over loss of lives due to collision of trains near Gorakhpur, Uttar Pradesh
  • President’s Durga Puja Greetings
  • Vice President's Secretariat
  • VICE PRESIDENT RELEASES BOOK “NEHRU GAZING AT TOMORROW” BY DR. H.R.BHARDWAJ
  • Vice President Greets Citizens on Dussehra
  • Vice President Confers ‘Sir Ross Masood Lifetime Achievement Award for Excellence in Leadership, Education, Community & Public Service-2014’ to Shri Saiyid Hamid
  • Prime Minister's Office
  • PM sanctions ex-gratia for victims of train accident near Gorakhpur District, Uttar Pradesh
  • PM expresses condolences over loss of lives due to collision of trains near Gorakhpur, Uttar Pradesh
  • Text of Remarks by Prime Minister Narendra Modi at the Joint Press Briefing with President Barack Obama
  • English Rendering of Remarks by Prime Minister Narendra Modi at the Joint Press Briefing with President Barack Obama
  • Joint Statement during the visit of Prime Minister to USA
  • Election Commission
  • Gaming Your Way to Democracy: ECI Launches Video Game to Educate Voters
  • Min of Civil Aviation
  • Hon’ble Minister of Civil Aviation Launched the Massive Cleanliness Campaign under “Swachh Bharat Mission” at Airports across the Country.
  • Min of Consumer Affairs, Food & Public Distribution
  • Ram Villas Paswan undertakes surprise checks to see cleanliness in his Ministry
  • Min of Corporate Affairs
  • CCI issues order against Super Cassettes Industries Limited for abusing dominant position, imposes penalty of Rs. 2.83crores
  • Min of Defence
  • Defence Accounts Department Celebrates Its 267th Anniversary
  • Air Marshal Jajgeet Singh takes over as Air Officer-in-Charge maintenance at Air Headquarters
  • 24th Edition of Ind-Indo Corpat Concludes
  • Min of Earth Science
  • Swachh Bharat Campaign at Ministry of Earth Sciences Launched by Dr. Jitendra Singh Amid A Call to Participate in the Cleanliness Drive Whole Heartedly
  • Ministry of Finance
  • Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
  • Auction for Sale (Re-Issue) of Government Stocks
  • Different Departments of Ministry of Finance to take Coordinated actions to make Swatchh Bharat Campaign a Great Success; Action Plan Drawn to keep the Office Premises Neat and Clean; Goal is to Provide an Aesthetic and Congenial Working Atmosphere for one and all
  • Due Date of Deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, 2014 extended from 7th October, 2014 to 10th October, 2014
  • Repayment of 7.56% Government Stock 2014 and 11.83% Government Stock 2014 on November 03, 2014 and November 12, 2014 Respectively
  • Min of Food Processing Industries
  • Swachhta Abhiyaan Launched in Ministry of Food Processing Industries
  • Min of Health and Family Welfare
  • “Combine Ram Lila revelry with health checks”: Dr Harsh Vardhan
  • Large turnout on National Voluntary Blood Donation Day
  • Min of Home Affairs
  • Cleanliness Drive in the Ministry of Home Affairs Under ‘Swachh Bharat’ Campaign
  • PIO Card valid for Life Time
  • Show Cause Notices to Associations for not Filing Mandatory Annual Return
  • Min of Human Resource Development
  • Union HRD Minister Smriti Irani Releases a Handbook – Swachh Bharat Swachh Vidyalaya
  • Min of New and Renewable Energy
  • MOU Signed for First Ever Offshore Wind Power Project in India
  • Min of Personnel, Public Grievances & Pensions
  • Combined Defence Services Examination (II), 2014
  • Early closure of some Government Offices today
  • The President of India authorises Shri Rajiv as Central Vigilance Commissioner
  • Min of Petroleum & Natural Gas
  • “Mission Swachh Bharat”
  • Daily Crude oil price of Indian Basket was US$ 95.34/bbl on 30.09.2014
  • Min of Power
  • Message of Piyush Goyal on the Eve of Launch of “Swachh Bharat Mission”
  • Power, Coal, MNRE PSUs to Construct 50,000 Toilets in Schools
  • Ministry of Railways
  • Railway Minister Expresses his Profound Grief Over the Loss of Innocent Lives in Train Accident Near Gorakhpur in Uttar Pradesh
  • Min of Science & Technology
  • Dr. Jitendra Singh launches campaign of ‘Swatchh Bharat Mission’ in the Ministry of Science and Technology
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • ‘Punarjagaran’- Mass Awakening Campaign for youth to be launched on 2nd October, 2014
  • India’s Performance on Day 12 of Asian Games 2014
  • Min of Social Justice & Empowerment
  • National Awards for Senior Citizens – Vayoshreshtha Samman 2014 presented
  • Thaawar Chand Gehlot flags off Walkathon on the International Day of Older Persons

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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