Oil PSUs absorb ₹40,000 cr loss in FY25 to keep LPG affordable; 96,000 retail outlets operational: Govt
New Delhi: India continues to offer one of the lowest domestic LPG prices globally, with
Pradhan Mantri Ujjwala Yojana
(PMUY) beneficiaries paying ₹553 per 14.2 kg cylinder despite a 58% increase in international prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said.
Chairing the Consultative Committee meeting of the Ministry of Petroleum and Natural Gas in Manesar, Haryana, Puri informed that state-run oil marketing companies (OMCs) incurred a combined loss of ₹40,000 crore last year to keep LPG prices affordable. Regular consume₹currently pay ₹853 per cylinder, while PMUY consumers pay ₹553. The per-day cooking cost is approximately ₹6.8 for Ujjwala households and ₹14.7 for non-PMUY consumers.
The minister stated that India's LPG coverage rose from 55% in 2014 to nearly 100% today. He said, 'The Government reduced excise duties twice—on November 4, 2021, and May 22, 2022—cutting petrol prices by ₹13/litre and diesel by ₹16/litre. A recent price hike in April 2025 was absorbed by oil companies, shielding consumers from additional burden.'
The session, attended by 27 Members of Parliament and Minister of State for Petroleum and Natural Gas Suresh Gopi, reviewed key developments in fuel affordability, LPG distribution, regional infrastructure, and energy resilience.
According to the ministry, India now operates over 96,000 fuel retail outlets, 314 oil terminals and depots, and a 24,000 km product pipeline network. These have supported the consistent availability of fuel, including strategic reserves and LPG caverns for emergency requirements.
On LPG consumption and distribution, the ministry reported daily deliveries of more than 56 lakh cylinders. Over 25,000 LPG distributors now operate nationwide, 86% of them in rural areas. These efforts have enabled deeper last-mile access and expanded usage.
Highlighting the PMUY's impact, the ministry noted that the government subsidizes the ₹1,058 market cost of each LPG cylinder by ₹505 for Ujjwala beneficiaries. The subsidy results in a retail price of ₹553 per cylinder. For regular consumers, the effective cost is ₹853.
MPs present in the meeting acknowledged the ministry's focus on balancing consumer interest and market volatility. They also raised issues related to regional disparities in infrastructure, price sensitivity, and energy resilience. The government assured them that their inputs would inform future policy development.
The ministry reiterated its commitment to providing affordable, accessible, and resilient energy solutions while protecting consumer interests through fiscal and policy measures.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
4 hours ago
- The Hindu
Scholarships: June 7, 2025
Trinity Business School Global Excellence Postgraduate Scholarships An initiative of the Trinity College Dublin, University of Dublin, Ireland. Eligibility: Students holding a non-EU status and have admission in a full-time PG course and are able to pay tuition fees at non-EU rates. Rewards: Up to €5,000 Application: Online Deadline: June 15 MPOWER Women in STEM Scholarship An initiative of MPOWER Financing. Eligibility: Girls who are international studentsenrolled in a full-time STEM degree programme at a partner university in the U.S. or Canada. Rewards: Up to $5,000 (one-time). Application: Online Deadline: July 31 Central Sanskrit University (CSU) Merit Scholarship Offered by the Ministry of Education, Government of India. Eligibility: Opento students pursuing Sanskrit/ Pali/ Prakrit as a main/ optional subject in a recognised university and have passed the previous qualifying exam with minimum 60% and can read and write in the language. Rewards: ₹2,500 monthly Application: Online Deadline: September 30 Courtesy:
&w=3840&q=100)
Business Standard
5 hours ago
- Business Standard
Andaman LG discontinues 'No Dues Certificate' for property registration
The Lieutenant Governor of Andaman and Nicobar Islands and Vice Chairman of Islands Development Agency (IDA), Admiral D K Joshi (Retired) has approved major reforms in the Revenue department by discontinuing 'No Dues Certificate' and 'Non-Encumbrance Certificate' while registering a property. A statement issued by the Lieutenant Governor's office on Friday claimed that the decision was taken to promote ease of doing business. "The discontinuation of 'No Dues Certificate' and 'Non-Encumbrance Certificate' will be effective from June 9," it said. While elaborating more, a senior Raj Niwas official, said, "Earlier, these certificates were mandatory while registration of any property to ascertain any revenue due. The administration under the guidance of Lieutenant Governor felt that since the Sub-Registrar verifies revenue receipts during property registration, there is no need to get separate 'No Dues Certificate' and 'Non-Encumbrance Certificate'. This will bring a huge relief for the Islanders." Another major decision taken by the Lieutenant Governor was the abolition of 'valuation certificates'. "All concerned officials were asked to discontinue 'valuation certificates' which they used to ask during property-related matters. No other states and union territory follows this practice and therefore it will also be disconnected. Property valuation will now be based strictly on notified circle rates, taking into account various determining factors," the official statement said. It further said, "In an effort to improve fuel accessibility across the islands, Andaman and Nicobar Islands Integrated Development Corporation Limited (ANIIDCO) has been authorized to open new petrol pumps wherever demand exists. Necessary approvals will be taken as required, enabling a more demand-driven approach to fuel distribution.". The Lieutenant Governor also discontinued the Revenue Department's mandatory annual survey requirement for boat license renewal with immediate effect. "With the implementation of the new Inland Vessels Act and associated rules, the responsibility for vessel surveys now lies with the chief surveyor or designated surveyors of inland vessels, not with the Revenue department," the official statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
7 hours ago
- Time of India
Andaman LG orders discontinuation of 'No dues certificate' while registering property
The Lieutenant Governor of Andaman and Nicobar Islands and Vice Chairman of Islands Development Agency (IDA), Admiral D K Joshi (Retired) has approved major reforms in the Revenue department by discontinuing ' No Dues Certificate ' and 'Non-Encumbrance Certificate' while registering a property . A statement issued by the Lieutenant Governor's office on Friday claimed that the decision was taken to promote ease of doing business . "The discontinuation of 'No Dues Certificate' and 'Non-Encumbrance Certificate' will be effective from June 9," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like '6월 한정, 직장인 대상 대출 가능 여부 무료 조회 급증' 신청 몰려 조기 마감 우려 직장인 대출 센터 더 읽기 Undo While elaborating more, a senior Raj Niwas official, said, "Earlier, these certificates were mandatory while registration of any property to ascertain any revenue due. The administration under the guidance of Lieutenant Governor felt that since the Sub-Registrar verifies revenue receipts during property registration , there is no need to get separate 'No Dues Certificate' and 'Non-Encumbrance Certificate'. This will bring a huge relief for the Islanders." Another major decision taken by the Lieutenant Governor was the abolition of 'valuation certificates'. Live Events "All concerned officials were asked to discontinue 'valuation certificates' which they used to ask during property-related matters. No other states and union territory follows this practice and therefore it will also be disconnected. Property valuation will now be based strictly on notified circle rates, taking into account various determining factors," the official statement said. It further said, "In an effort to improve fuel accessibility across the islands, Andaman and Nicobar Islands Integrated Development Corporation Limited (ANIIDCO) has been authorized to open new petrol pumps wherever demand exists. Necessary approvals will be taken as required, enabling a more demand-driven approach to fuel distribution.". The Lieutenant Governor also discontinued the Revenue Department's mandatory annual survey requirement for boat license renewal with immediate effect. "With the implementation of the new Inland Vessels Act and associated rules, the responsibility for vessel surveys now lies with the chief surveyor or designated surveyors of inland vessels, not with the Revenue department," the official statement added.
