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Fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM

Under-recoveries on kerosene down at Rs 8.86 per litre

Under-recoveries/DBTL Subsidy for 2016-17 was Rs 19,728 crore, while the figure was Rs 27,571 crore for 2015-16.

02 Jun 2017 11:57 AM

Five petroleum items have been kept out of GST as they are considered cash cows.

Clamour grows to bring petroleum under GST; J&K fires 1st salvo

GST is perhaps the most significant tax reforms post independence and will revolutionise the entire indirect tax system.

22 May 2017 1:40 PM

The agency expects the rally in crude prices to fade and price to remain in a narrow range in FY18.

'Continuing gas price cuts to deter fresh exploration capex'

Govt in March lowered domestic gas prices by 0.8 per cent to USD 2.48 per million British thermal units.

14 May 2017 12:20 PM

India had imported 8.8 million tonnes of LPG in 2015-16.

India to import LPG from Iran to meet rising demand

LPG consumption in 2016-17 rose 9.8 per cent to 21.55 million tonnes.

10 May 2017 6:16 PM

Total number of LPG connections stood at 19.87 crore, an addition of 3.25 crore new connections over the previous year.

Government targets 95 pc LPG coverge by FY19

Govt plans to issue 3 crore connections in the current fiscal and additional 4 crore in 2018-19.

08 May 2017 6:49 PM

Prime Minister Narendra Modi. (Photo: PIB Twitter)

Modi wants 'Give It Up' LPG campaign for food subsidy

Govt is overburdened with a huge overall subsidy bill of Rs 2.4 lakh crore projected in Budget 2017.

25 Apr 2017 1:01 PM

Display subsidy from Centre, states: Paswan to PDS outlets

Directive from Paswan aims to end confusion and promote transparency in disbursal of subsidy amount.

24 Apr 2017 3:08 PM

India replaces Japan as no 2 LPG importer

Total LPG imports stands 23 per cent more at 11 million tonnes in fiscal 2016-17.

24 Apr 2017 10:52 AM

A non-subsidised LPG cylinder was priced at Rs 466.50 in Delhi in September and had risen by Rs 271 per bottle or 58 per cent in six instalments.

ATF price cut by 5 pc; subsidised LPG hiked by Rs 5.5

The rate of non-subsidised cooking gas has been cut by Rs 14.50 per cylinder in line with international trends.

02 Apr 2017 1:42 PM

As many as three crore more gas connections will be given to the poor in the next two years.

Two crore new LPG connections given since 2014

Government had promised to provide 5 crore new LPG connections at subsidised rates.

20 Mar 2017 8:10 PM

Oil and gas is major contributor to country's energy needs.

State-owned OMCs to be merged into one entity

Decision would come in backdrop of country struggling to raise local oil production and imports about 80 percent of its oil.

02 Feb 2017 12:14 PM

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Shobhaa De