NEW DELHI, June 25 � Putting speculations at rest, the government today said it is not considering raising prices of LPG and kerosene, reports PTI.
�There is no such proposal in the government. We are not even thinking on that line,� Oil Minister Dharmendra Pradhan said when asked if the government was mulling raising prices of cooking gas by Rs 5 per cylinder and kerosene by Re 1 per litre on a monthly basis.
He was talking to reporters here after the Cabinet meeting.
Speculation was rife that the government might raise prices of cooking gas (LPG) and kerosene aimed at wiping out the Rs 80,000 crore subsidy on the two fuels.
Subsidy on LPG currently is a staggering Rs 432.71 per 14.2-kg cylinder and at Rs 5 per month increase it will take 7 years to wipe out the subsidy.