No hike in LPG, kerosene prices: Minister

By Super
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    No hike in LPG, kerosene prices: Minister
    Cooking gas and kerosene prices will not be hiked keeping in view the impact of such a step on the people, Petroleum Minister Dharmendra Pradhan said on Sunday.

    "Our government has decided not to increase LPG and kerosene prices in the country. This will benefit the middle class people and those who use kerosene as cooking fuel," he told reporters here.

    Pradhan, who was in Patna to attend the final day of the two-day BJP state executive meeting, however, said the petrol prices would move according to the prevalent market price mechanism.

    "Petrol prices are linked directly to the market and they move accordingly. We faced some difficulty due to the Iraq issue and petrol prices went up a bit in the country," he said.

    The minister expressed the hope that there would be no "oil shock" in the future as the "rupee was appreciating under the leadership of Prime Minister Narendra Modi and it was a good indication".

    He said bulk diesel prices for railways, defence, industries and other big consumers were decreased by around a rupee after duties were reduced on it.

    Pradhan also said that the central government was planning to revive the fertiliser plants at Barauni (Bihar), Sindri (Jharkhand), Durgapur (West Bengal) and Gorakhpur (Uttar Pradesh) as part of the Haldia (West Bengal) - Jagdhishpur (Uttar Pradesh) gas pipeline project.

    "The Gas Authority of India Limited (GAIL) wanted two anchor customers for the gas pipeline project. We are considering providing them four in the form of these fertiliser plants. Our ministry and the Ministry of Chemicals and Fertilisers are working on it," he said.

    The minister said the revival of the fertiliser plants would cost around Rs 7,000 to Rs 8,000 crore as the entire machinery in plants, which remained defunct for two or three years, needed to be replaced.


    Read more about: lpg cooking gas
    Story first published: Monday, July 21, 2014, 9:01 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more