Sunday, Dec 3 2023 | Time 19:20 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
India will witness explosion of economic growth over next 25 years: Mukesh Ambani

India will witness explosion of economic growth over next 25 years: Mukesh Ambani

02 Dec 2023 | 9:03 PM

Ahmedabad, Dec 2 (UNI) Stating that India will witness an unprecedented explosion of economic growth, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Saturday said that the size of
the Indian economy will grow to US$ 40 trillion by 2047 from US$ 3.5 trillion now.

see more..

RSP achieves best April – Nov performances in three key sectors

02 Dec 2023 | 7:51 PM

Bhubaneswar, Dec 2 (UNI) Rourkela Steel Plant (RSP), a unit of the Maharatna Company SAIL, has achieved its best April-November performance in the fiscal year 2023-24.

see more..

Uno Minda to increase land banks for expansion in TN, Pune, North India

02 Dec 2023 | 6:28 PM

Chennai, Dec 2 (UNI) Leading auto component makers and suppliers Unio Minda Limited has chalked out expansion plans, including in Tamil Nadu in South India, and is planning to increase its land bank in this regard in key states.

see more..

New look, changed appearance boost demand for Benzer Paint

02 Dec 2023 | 6:13 PM

Pune, Dec 2 (UNI) A rising star of the paints industry, Benzer Paints has changed its look and has focused on supplying higher quality products in the same price, boosting demand for the company's products.

see more..

Escalating healthcare costs, mental health concerns impacting India Inc: survey

02 Dec 2023 | 5:56 PM

Mumbai, Dec 2 (UNI) A survey conducted by Global Insurance Brokers (GLOBAL) has presented interesting insights into impact of surging healthcare expenses on Corporate India in the post-COVID-19 landscape, revealing that an overwhelming 88 per cent of Corporate India is struggling primarily due to escalating hospital bills.

see more..
image