Putting speculations at rest, the government on Friday said it is not considering to move the Cabinet Committee on Political Affairs (CCPA) for raising kerosene and LPG prices as recommended by an expert committee. "There is no such proposal in the government," Oil Minister Dharmendra Pradhan said.
Earlier in the day, PTI reported that the Oil Ministry will move the Cabinet Committee on Political Affairs (CCPA) for raising kerosene and LPG prices as recommended by an expert committee.
According to the reports, the Oil Ministry would take the Kirit Parikh panel recommendation for raising kerosene prices by Rs 4-5 per litre and LPG by Rs 250 per cylinder to CCPA. The reports said the Oil Ministry would propose to CCPA that diesel price hikes of 40-50 paise a litre per month may be continued.
State-run oil marketing companies on Wednesday increased prices of non-subsidised cooking gas or liquefied petroleum gas (LPG) by Rs 16.50 per cylinder and aviation turbine fuel ( ATF) or jet fuel by over half a percent as global crude prices surged on the back of Iraq crisis.
Narendra Modi government puts on hold hike in LPG, kerosene rates
The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates. The increase in state levies such as entry tax and octroi led to prices of domestic LPG rising in Kerala by Rs 4.50 per cylinder, Rs 3 in Karnataka, Rs 5.50 in Madhya Pradesh and Re 1 per cylinder in Uttar Pradesh. There was a small increase of 2 paise and 8 paise in PDS kerosene rates in Haryana and Uttar Pradesh, respectively. Read more
(With agency inputs)