LPG hike on hold
Posted on: 03/Jul/2014 11:31:13 AM
Central Government of India on Wednesday decided to defer revising the retail prices of domestic LPG and public distribution kerosene due to the upward revision of state specific costs (SSC) till completion of discussions with state governments.
Revision of retail selling price of domestic LPG and PDS Kerosene to those consumers on account of upward revision of the State Specific Cost Scheme (SSC) on Domestic LPG and PDS Kerosene would be deferred till the discussions are completed with the state governments during July 2014.
The decision was taken keeping the interests of consumers "utmost" in mind.
Public sector oil marketing companies (OMCs) incur certain state-specific costs owing to levies such as entry tax, octroi, input tax, restrictions on value-added tax (VAT), which become irrecoverable levies for OMCs.
