The government on Thursday raised the cap on
supply of subsidised LPG cylinders to nine cylinders from six per year
and allowed oil companies to hike diesel prices by a "small quantum"
periodically.
There will be no change in LPG and kerosene rates, oil minister M Veerappa Moily told reporters in New Delhi after the meeting on Cabinet Committee on Political Affairs (CCPA).
"I am happy to inform the Cabinet Committee on Political Affairs has decided to raise the cap on subsidised LPG to nine cylinders per household in a year from existing six cylinders," he said.
Consumers will get a quota of five subsidised cylinders between September 2012 and March 2013 and from April 1, 2013, they will be entitled to nine cylinders per annum.
The government had on Wednesday sought permission from the Election Commission (EC) to hike the number of subsidised LPG cylinders from 6 to nine.
The EC has reportedly said that the government's decision to hike the subsidised LPG cap is not the violation of election code of conduct.
Moily said that the oil companies have been permitted to raise diesel prices by a small quantum periodically till such time that they are able to cover Rs. 9.60 per litre loss they incur on the fuel.
Refusing to provide details of diesel price increase, Moily said the raise may taken place as early as Thursday night.
There will be no change in LPG and kerosene rates, oil minister M Veerappa Moily told reporters in New Delhi after the meeting on Cabinet Committee on Political Affairs (CCPA).
"I am happy to inform the Cabinet Committee on Political Affairs has decided to raise the cap on subsidised LPG to nine cylinders per household in a year from existing six cylinders," he said.
Consumers will get a quota of five subsidised cylinders between September 2012 and March 2013 and from April 1, 2013, they will be entitled to nine cylinders per annum.
The government had on Wednesday sought permission from the Election Commission (EC) to hike the number of subsidised LPG cylinders from 6 to nine.
The EC has reportedly said that the government's decision to hike the subsidised LPG cap is not the violation of election code of conduct.
Moily said that the oil companies have been permitted to raise diesel prices by a small quantum periodically till such time that they are able to cover Rs. 9.60 per litre loss they incur on the fuel.
Refusing to provide details of diesel price increase, Moily said the raise may taken place as early as Thursday night.
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