Friday, Jun 9 2023 | Time 23:01 Hrs(IST)
image
Business EconomyPosted at: Mar 27 2023 6:05PM


Domestic LPG cylinder refills capped to stop diversion for commercial use, RS told

New Delhi, March 27 (UNI) Public sector oil marketing companies (OMCs) have put a cap of 15 refills of 14.2 kg cylinders in a financial year to curb diversion of domestic LPG cylinders for commercial usages, Minister of State for Petroleum and Natural Gas (MoPNG) Rameswar Teli told Rajya Sabha on Monday.
"However, the domestic LPG customers can avail subsequent refills beyond the refill cap by submitting request with justification at their respective LPG distributorships," the Minister said in written reply to a question in the Upper House.
The Minister said that OMCs carry out surprise inspections at distributors premises, surprise check at customer’s premises, en-route checking of delivery vehicles etc. to prevent the diversion of domestic LPG.
He noted that there is adequate availability of domestic LPG in the country.
"OMCs import LPG to meet the LPG demand in the country and maintain smooth supply of LPG. The supply demand scenario is monitored on regular basis and additional imports are tied up as and when required," Teli stated.
In response to another query, the Minister informed the House that Goods and Services Tax (GST) rates for commercial LPG and domestic LPG are 18% and 5% respectively.
Accordingly, the retail selling price of Rs 1,103 for 14.2 kg domestic LPG cylinder includes a GST of Rs 52.53. The commercial LPG ( 19 kg cylinder) is priced at Rs 2,119 with a GST component of Rs 323.35.
India imports more than 60% of its domestic LPG consumption.
UNI NK RKM
Please log in to get detailed story.
Tags: #Domestic LPG cylinder refills capped to stop diversion for commercial use# RS told
More News

Kottayam-Kochi Rubber Market Rates

09 Jun 2023 | 5:03 PM

Kottayam, June 9 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..

NDA Inland Enterprise class concludes in Pune

09 Jun 2023 | 3:46 PM

Pune, June 9 (UNI) The seventh edition of prestigious NDA Inland Enterprise Class Regatta, held at Khadakwasla Lake, concluded here on Friday.

see more..

IIFL Finance to raise Rs 1500 cr through public issue for business growth

09 Jun 2023 | 3:43 PM

Hyderabad, June 9 (UNI) IIFL Finance, a leading non-banker lender will raise up to Rs 1,500 crore through a public issue of secured redeemable Non-Convertible Debentures (NCDs) for the purpose of business growth and capital augmentation, its Vice President Sreekant Rameela said on Friday.

see more..

Adityaram Group unveils South India’s largest palace in ECR

09 Jun 2023 | 3:18 PM

Chennai, June 9 (UNI) Adityaram Group, a diverse business conglomerate
from Chennai, today unveiled South India's largest palace--Adityaram
Palace--located at Panaiyur on the ECR here.

see more..
FY23 GDP growth may be higher than 7 2 pc when final revision comes: CEA

FY23 GDP growth may be higher than 7 2 pc when final revision comes: CEA

09 Jun 2023 | 3:16 PM

Lucknow, June 9 (UNI) Painting a rosy picture of the economy, Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday exuded confidence that India will grow at 6.5-7% in financial year 2023-24 with companies ready to invest and digital transformation taking place at brisk pace.

see more..
image