Celebrating Women's Day and easing the financial burden on households across the nation, Indian Prime Minister Narendra Modi announced a reduction in LPG cylinder prices by Rs. 100 ($1.21). This decision is expected to bring relief to millions of families, particularly benefiting women.

PM Narendra Modi announces reduction in LPG cylinder price on the occasion of women's day

In a move that will bring respite to households across India battling recent food inflation, the central government has announced a&nbsp;$2.42&nbsp;(Rs 200) reduction in cooking gas. Briefing reporters on the decision of the Union cabinet, Information and Broadcasting Minister Anurag Singh Thakur said the decision is a gift from Prime Minister Narendra Modi, to the women of the country on Onam and Raksha Bandhan. The meeting of the Union Cabinet was chaired by Prime Minister Narendra Modi.

Effective Wednesday, the price of a 14.2 kg LPG cylinder will be reduced by $2.42 (Rs 200) across the country. In Delhi for instance, the decision will bring down the cost of a 14.2 kg cylinder from the existing $13.34 (Rs 1,103) per cylinder to $10.92 (Rs 903).

This across-the-board reduction is in addition to the existing targeted subsidy of Rs 200 per cylinder to Ujjwala households, which will continue. Therefore, the effective price in Delhi for Ujjwala beneficiaries after this reduction will be $8.50 (Rs 703).

It may be noted that there are more than 31 crore&nbsp;domestic LPG consumers, including 9.6 crore&nbsp;Ujjwala beneficiaries. &nbsp;

Thakur said the current government has initiated several schemes for the development of women, including pucca houses, toilets, additional foodgrains and Direct Benefit Transfer during the Covid pandemic.

India is dependent on imports for 60 per cent of its natural gas requirements.

To clear pending Ujjwala applications and to provide deposit-free LPG connections to all eligible households, the government will shortly start distribution of PMUY connections to 75 lakh&nbsp;women from poor households. This will increase the total number of beneficiaries under PMUY to 10.35 crore.

The government said these decisions come as part of its ongoing efforts to ease the financial burden on citizens and promote the welfare of households.

Hardeep Singh Puri, Minister of Petroleum and Natural Gas, expressed happiness on the decision, stating, "We understand the challenges faced by households in managing their budgets. The reduction in cooking gas prices is aimed at providing direct relief to families and individuals, while also supporting the government’s larger goal of ensuring affordable access to essential items."&nbsp; 
 
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In a move that will bring respite to households across India battling recent food inflation, the central government has announced a $2.42 (Rs 200) reduction in cooking gas.

In a move that will bring respite to households across India battling recent food inflation, the central government has announced a $2.42 (Rs 200) reduction in cooking gas. Briefing reporters on the decision of the Union cabinet, Information and Broadcasting Minister Anurag Singh Thakur said the decision is a gift from Prime Minister Narendra Modi, to the women of the country on Onam and Raksha Bandhan. The meeting of the Union Cabinet was chaired by Prime Minister Narendra Modi. Effective Wednesday, the price of a 14.2 kg LPG cylinder will be reduced by $2.42 (Rs 200) across the country. In Delhi for instance, the decision will bring down the cost of a 14.2 kg cylinder from the existing $13.34 (Rs 1,103) per cylinder to $10.92 (Rs 903). This across-the-board reduction is in addition to the existing targeted subsidy of Rs 200 per cylinder to Ujjwala households, which will continue. Therefore, the effective price in Delhi for Ujjwala beneficiaries after this reduction will be $8.50 (Rs 703). It may be noted that there are more than 31 crore domestic LPG consumers, including 9.6 crore Ujjwala beneficiaries. Thakur said the current government has initiated several schemes for the development of women, including pucca houses, toilets, additional foodgrains and Direct Benefit Transfer during the Covid pandemic. India is dependent on imports for 60 per cent of its natural gas requirements. To clear pending Ujjwala applications and to provide deposit-free LPG connections to all eligible households, the government will shortly start distribution of PMUY connections to 75 lakh women from poor households. This will increase the total number of beneficiaries under PMUY to 10.35 crore. The government said these decisions come as part of its ongoing efforts to ease the financial burden on citizens and promote the welfare of households. Hardeep Singh Puri, Minister of Petroleum and Natural Gas, expressed happiness on the decision, stating, "We understand the challenges faced by households in managing their budgets. The reduction in cooking gas prices is aimed at providing direct relief to families and individuals, while also supporting the government’s larger goal of ensuring affordable access to essential items." WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Relief for people as Indian government slashes LPG cylinder prices by $2.42

Basic items such as rice, potato, eggs, onion, LPG cylinders, and petrol have skyrocketed suddenly in the northeastern state of Manipur. Several daily commodities are being sold well above the government-set prices because of the ethnic violence in Manipur over the past three weeks.

Basic items such as rice, potato, eggs, onion, LPG cylinders, and petrol have skyrocketed suddenly in the northeastern state of Manipur. Several daily commodities are being sold well above the government-set prices because of the ethnic violence in Manipur over the past three weeks. The sharp rise in rates of essential items has been affected due to Manipur's dependence on imports. The products are being sold at double the usual prices, creating a problem for the citizens. Manglembi Chanam, a government school teacher in Imphal West district, told PTI, "Earlier, one 50 kg bag of superfine rice costs ₹900 but now it has gone up to ₹1,800." The price of potatoes and onions has also increased by ₹20 to ₹30. She added, "In general, prices for all the essential commodities brought from outside have gone up." Petrol prices in many parts of Imphal West district are ₹170 per litre. According to Chanam, the rates of LPG cylinders in the black market have surged up to ₹1800. "Prices of eggs have increased as well, with one crate containing 30 eggs costing ₹300 instead of the usual ₹180. Were it not for the security forces escorting trucks carrying essential commodities, the price rise would have been more. Even potatoes had reached ₹100 per kilo before security forces came into the scene," Chanam said. Areas which have not been affected by the violence have also seen a significant rise in the prices of essential items. Let's dive deeper into the reasons behind the ethnic violence in Manipur leading to the rise in prices of essential commodities. Why are the prices of LPG cylinders, petrol and other items skyrocketing in Manipur? The decade-long intercommunal tensions over land between the Meiteis and Pangals have once again become a cause of disruption in Manipur. Amid the clashes, roadblocks interrupted the movement of trucks towards the Imphal Valley. The clashes resulted after a Tribal Solidarity March organised in protest against the Meitei community's demand for Scheduled Tribe (ST) status. According to a consumer affairs department official, it is prohibited to sell products at higher than the government-set prices. The state has issued a list of revised wholesale and retail prices of around 18 food items days after the violence erupted. Furthermore, a defence official stated that the security forces remain committed to restoring complete normalcy in the state. (With inputs from agencies) WATCH WION LIVE HERE

LPG at ₹1800, petrol at ₹170: Know why the prices of essential commodities have surged suddenly in Manipur

Rinku Singh starred for the Kolkata Knight Riders (KKR) in their thrilling three-wicket win over defending champions Gujarat Titans (GT) in match 13 of the IPL 2023 edition on Sunday (April 9). In pursuit of 205, in Ahmedabad, KKR required 29 in the last over before Rinku smashed five successive sixes to take his side home on the final delivery.&nbsp;

Rinku ended with a 21-ball 48, laced with a four and 6 sixes at a strike rate of 228.57, to provide one of the best finishes in IPL history and etch his name in history books. Relive the last-over heroics:

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Watching this on L➅➅➅➅➅P... and we still can't believe what we just witnessed! 🤯<a href="https://t.co/1tyryjm47W">pic.twitter.com/1tyryjm47W</a>
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Here's all you need to know about KKR's new champion Rinku Singh

Also Read:&nbsp;<a href="https://www.wionews.com/sports/ipl-2023-srks-tweet-on-kkr-star-rinku-singh-goes-viral-after-thrilling-win-vs-gt-see-post-580848">IPL 2023: SRK's tweet on KKR star Rinku Singh goes viral after thrilling win vs GT - See post</a>

1) Rinku Singh was born in Aligarh, Uttar Pradesh on October 12, 1997

2) Rinku represents his side in domestic cricket

3) The left-hander was bought by the KKR franchise in 2018 for INR 80 lakhs

4) Rinku played only four games in IPL 2018, five in the following season, and one in the 2020 edition. However, KKR backed him and retained the left-hander in IPL 2022 auction for INR 55 lakhs.&nbsp;

5) While KKR had a forgettable run in IPL 2022, Rinku smashed 174 runs in seven games at a strike rate of 148.

6) Rinku is a decent name in domestic cricket. He was the third-highest run-getter (953) in Ranji Trophy 2018-19.

7) Rinku comes from a humble background with his father earning his income from delivering LPG cylinders, elder brother driving an autorickshaw, and another brother working in a coaching centre.

8) In 2018, MI and KKR fought hard to acquire his services before the latter won the bidding battle. Rinku was part of Punjab Kings (PBKS) as well in IPL 2021, where he warmed the bench throughout the season. Now, he is KKR's new superstar with a bright future ahead.

Family's financial struggles

Rinku's family was in debt of INR 5 lakhs three years back. While every earning member struggled hard to run the house, in the LPG quarters, Rinku strived hard to give some mileage to his cricketing career. Nonetheless, he also tried his hand at other jobs to contribute to his family.

"He (my brother) took me to a place where they asked me to be a domestic worker — saaf, safaai aur pochaa maarna (sweeping and mopping). I came back home and told my mother, ‘I will not go again. Let me just try my luck in cricket," Rinku told Indian Express in an interaction a few years ago.

After earning his first-ever IPL contract, for INR 80 lakhs, Rinku told in the same interaction, "Thought I would get 20 lakhs, but I was picked up for 80! The first thought that came to my mind was that I can contribute to my big brother’s wedding, and save up something for my sister’s wedding too. Aur ek achhe se ghar mein shift ho jaoonga (And shift into a nice house)."

After overcoming years of struggles, Rinku's big moment has arrived. He is surely one for the long race!

Rinku Singh starred for the Kolkata Knight Riders (KKR) in their thrilling three-wicket win over defending champions Gujarat Titans (GT) in match 13 of the IPL 2023 edition on Sunday (April 9).

Rinku Singh starred for the Kolkata Knight Riders (KKR) in their thrilling three-wicket win over defending champions Gujarat Titans (GT) in match 13 of the IPL 2023 edition on Sunday (April 9). In pursuit of 205, in Ahmedabad, KKR required 29 in the last over before Rinku smashed five successive sixes to take his side home on the final delivery. Rinku ended with a 21-ball 48, laced with a four and 6 sixes at a strike rate of 228.57, to provide one of the best finishes in IPL history and etch his name in history books. Relive the last-over heroics: Watching this on L➅➅➅➅➅P... and we still can't believe what we just witnessed! 🤯pic.twitter.com/1tyryjm47W — KolkataKnightRiders (@KKRiders) April 9, 2023 × Here's all you need to know about KKR's new champion Rinku Singh Also Read: IPL 2023: SRK's tweet on KKR star Rinku Singh goes viral after thrilling win vs GT - See post 1) Rinku Singh was born in Aligarh, Uttar Pradesh on October 12, 1997 2) Rinku represents his side in domestic cricket 3) The left-hander was bought by the KKR franchise in 2018 for INR 80 lakhs 4) Rinku played only four games in IPL 2018, five in the following season, and one in the 2020 edition. However, KKR backed him and retained the left-hander in IPL 2022 auction for INR 55 lakhs. 5) While KKR had a forgettable run in IPL 2022, Rinku smashed 174 runs in seven games at a strike rate of 148. 6) Rinku is a decent name in domestic cricket. He was the third-highest run-getter (953) in Ranji Trophy 2018-19. 7) Rinku comes from a humble background with his father earning his income from delivering LPG cylinders, elder brother driving an autorickshaw, and another brother working in a coaching centre. 8) In 2018, MI and KKR fought hard to acquire his services before the latter won the bidding battle. Rinku was part of Punjab Kings (PBKS) as well in IPL 2021, where he warmed the bench throughout the season. Now, he is KKR's new superstar with a bright future ahead. Family's financial struggles Rinku's family was in debt of INR 5 lakhs three years back. While every earning member struggled hard to run the house, in the LPG quarters, Rinku strived hard to give some mileage to his cricketing career. Nonetheless, he also tried his hand at other jobs to contribute to his family. "He (my brother) took me to a place where they asked me to be a domestic worker — saaf, safaai aur pochaa maarna (sweeping and mopping). I came back home and told my mother, ‘I will not go again. Let me just try my luck in cricket," Rinku told Indian Express in an interaction a few years ago. After earning his first-ever IPL contract, for INR 80 lakhs, Rinku told in the same interaction, "Thought I would get 20 lakhs, but I was picked up for 80! The first thought that came to my mind was that I can contribute to my big brother’s wedding, and save up something for my sister’s wedding too. Aur ek achhe se ghar mein shift ho jaoonga (And shift into a nice house)." After overcoming years of struggles, Rinku's big moment has arrived. He is surely one for the long race!

IPL 2023: From living in LPG quarters to becoming KKR's new star! All you need to know about Rinku Singh

From James Webb Telescope releasing the first infrared image of the universe to Yosemite National Park’s raging wildfire, here are some impactful images from around the world on July 12, 2022.

World in Pictures: Deepest image of universe; Yosemite’s wildfire; queues in Sri Lanka for LPG

Cost of domestic liquid petroleum gas cylinders weighing 14.2 kilogram will get dearer from Wednesday as their prices have been raised by Rs 50 per unit.In the national capital Delhi, it will now cost Rs 1,053 per unit.

Besides, in Kolkata, Mumbai, and Chennai, it will be priced at Rs 1,079, Rs 1,052.5, and Rs 1,068.5, respectively, Indian Oil Corporation said. Previously, the prices for domestic cylinders were revised on May 19, 2022.

Watch |&nbsp;Gravitas: Indian start-ups fired 12,000 employees in 2022

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On the other hand, rates for the 19-kilogram commercial cylinder have been cut by Rs 8.5 per unit effective today. In metros such as Delhi, Kolkata, Mumbai, and Chennai, a cylinder will now cost Rs 2,012.50, Rs 2,132.00 Rs 1,972.50, Rs 2,177.50, respectively, data showed.

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Cost of domestic liquid petroleum gas cylinders weighing 14.2 kilogram will get dearer from Wednesday as their prices have been raised by Rs 50 per unit.In the national capital Delhi, it will now cost Rs 1,053 per unit.

Cost of domestic liquid petroleum gas cylinders weighing 14.2 kilogram will get dearer from Wednesday as their prices have been raised by Rs 50 per unit.In the national capital Delhi, it will now cost Rs 1,053 per unit. Besides, in Kolkata, Mumbai, and Chennai, it will be priced at Rs 1,079, Rs 1,052.5, and Rs 1,068.5, respectively, Indian Oil Corporation said. Previously, the prices for domestic cylinders were revised on May 19, 2022. Watch | Gravitas: Indian start-ups fired 12,000 employees in 2022 On the other hand, rates for the 19-kilogram commercial cylinder have been cut by Rs 8.5 per unit effective today. In metros such as Delhi, Kolkata, Mumbai, and Chennai, a cylinder will now cost Rs 2,012.50, Rs 2,132.00 Rs 1,972.50, Rs 2,177.50, respectively, data showed. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India: Domestic LPG cylinder gets dearer by Rs 50

Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates.

Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, up from Rs 999.50 previously, according to a price notification of state-owned fuel retailers.

This is the second increase in LPG rate this month and the third in less than two months. The price was hiked by Rs 50 per cylinder on March 22 and again by the same quantum on May 7.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/no-more-imported-cold-weather-gear-indian-start-ups-solution-for-army-480326">No more imported cold weather gear: Indian start-up's solution for Army</a>&nbsp;

Since April 2021, prices have risen by Rs 193.5 per cylinder.

Petrol and diesel prices however continue to be on freeze for the 43rd day in a row. The pause followed rates being hiked by a record Rs 10 per litre in a matter of 16 days beginning March 22.

Non-subsidised cooking gas is the one that consumers buy after exhausting their quota of 12 cylinders at subsidised or below-market rates.

Also watch |&nbsp;India: Special arrangements for animals at Delhi Zoo amid heatwave

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However, the government pays no subsidy on LPG in most cities and the price of the refill that consumers, including the poor women who got free connection under the much-talked Ujjwala scheme, is the same as that for non-subsidised or market price LPG.

Non-subsidised LPG costs Rs 1,002.50 per 14.2-kg cylinder in Mumbai while it is priced at Rs 1,018.50 a bottle in Chennai and Rs 1,029 in Kolkata.

Rates differ from state to state depending on the incidence of local taxes such as VAT. Prices are higher in states with higher taxes.

Alongside, oil firms also hiked the price of commercial LPG cylinders - the ones used by establishments like hotels and restaurants - by Rs 8 per cylinder to Rs 2,354 per 19-kg bottle. On May 1, the price of a commercial LPG cylinder was increased by Rs 102.50 to Rs 2,355.50 but on May 7 it was reduced to Rs 2,346.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/wheat-exports-ban-india-says-measure-to-help-nations-in-need-food-grains-shouldnt-face-covid-shots-fate-480265">Wheat export ban: India says measure to help nations in need, food grains shouldn't meet Covid shots' fate</a>&nbsp;

International oil prices have been on the rise this year. They jumped to a 13-year high of USD 140 per barrel in March before shedding some of the gains. Brent was trading at USD 110.13 per barrel on Thursday.

To compound things, the Indian rupee tumbled to Rs 77.74 to a dollar, making imports costlier.

India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices.

While India has surplus oil refining capacity, it does not manufacture enough LPG to meet domestic demand and imports significant quantities from nations such as Saudi Arabia.

On Wednesday, an oil ministry official stated that the Saudi LPG prices have gone up by 33 per cent while domestic rates have increased by only 11 per cent.

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Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates. Non-subsidised LPG now costs Rs 1,003 per 14.

Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, up from Rs 999.50 previously, according to a price notification of state-owned fuel retailers. This is the second increase in LPG rate this month and the third in less than two months. The price was hiked by Rs 50 per cylinder on March 22 and again by the same quantum on May 7. Also read | No more imported cold weather gear: Indian start-up's solution for Army Since April 2021, prices have risen by Rs 193.5 per cylinder. Petrol and diesel prices however continue to be on freeze for the 43rd day in a row. The pause followed rates being hiked by a record Rs 10 per litre in a matter of 16 days beginning March 22. Non-subsidised cooking gas is the one that consumers buy after exhausting their quota of 12 cylinders at subsidised or below-market rates. Also watch | India: Special arrangements for animals at Delhi Zoo amid heatwave However, the government pays no subsidy on LPG in most cities and the price of the refill that consumers, including the poor women who got free connection under the much-talked Ujjwala scheme, is the same as that for non-subsidised or market price LPG. Non-subsidised LPG costs Rs 1,002.50 per 14.2-kg cylinder in Mumbai while it is priced at Rs 1,018.50 a bottle in Chennai and Rs 1,029 in Kolkata. Rates differ from state to state depending on the incidence of local taxes such as VAT. Prices are higher in states with higher taxes. Alongside, oil firms also hiked the price of commercial LPG cylinders - the ones used by establishments like hotels and restaurants - by Rs 8 per cylinder to Rs 2,354 per 19-kg bottle. On May 1, the price of a commercial LPG cylinder was increased by Rs 102.50 to Rs 2,355.50 but on May 7 it was reduced to Rs 2,346. Also read | Wheat export ban: India says measure to help nations in need, food grains shouldn't meet Covid shots' fate International oil prices have been on the rise this year. They jumped to a 13-year high of USD 140 per barrel in March before shedding some of the gains. Brent was trading at USD 110.13 per barrel on Thursday. To compound things, the Indian rupee tumbled to Rs 77.74 to a dollar, making imports costlier. India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices. While India has surplus oil refining capacity, it does not manufacture enough LPG to meet domestic demand and imports significant quantities from nations such as Saudi Arabia. On Wednesday, an oil ministry official stated that the Saudi LPG prices have gone up by 33 per cent while domestic rates have increased by only 11 per cent. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Domestic LPG prices hiked again, cross ₹1000-mark in Delhi

Cooking gas or ticking time bombs? LPG cylinders in Sri Lanka are exploding out of the blue. What is causing this mysterious chain of explosions? Government failure or consumer negligence? Mariam Wardak gets you a report.

South Asia Diary | Lanka's mysterious LPG blasts explained

Sri Lankans living in the island nation had quite a bizarre Friday (December 03)&nbsp;that all started with an early morning directive issued by the State Minister of Co-operative Services, Marketing Development and Consumer Protection,&nbsp;Lasantha Alagiyawanna, saying 
that the distribution and sale of LP gas cylinders has been suspended until further notice.

Following this, Sri Lanka’s state owned LITRO company said that distribution of domestic LP gas has been suspended until further notice.&nbsp;

However, privately owned LAUGFS gas company, despite the directive made by the state minister to suspend the sale of all LP gas cylinders has said that they were not formally informed of the suspension, adding that they intend to sell and distribute LP gas cylinders as usual.

The country was experiencing mysterious cases of LP gas cylinder explosions in recent weeks, causing concern among the public with over 35 such cases reported in the past few days alone.

Just as Sri Lankans were settling in, into the possibility of a domestic gas shortage in the coming weeks, alarm bells were rung again — this time for Covid as Sri Lankan health authorities&nbsp;confirmed the first detection of the Omicron Covid variant in the country.

According to Health Minister Keheliya Rambukwella, a Sri Lankan who had returned from Nigeria on November 23 had tested positive for COVID-19's&nbsp;new variant.

As if the day wasn’t chaotic enough, soon after this announcement, the power supply was disrupted, plunging the whole country into darkness. The Electricity Board (Ceylon Electricity Board) cited the outage as a result in the breakdown of transmission lines.

Sri Lanka's day to day activities such as traffic lights, petrol station pumps, train lines, water supply, hospitals, workplaces and even sessions in the parliament were disrupted as a result of the island-wide power outage.

Power was gradually restored in Colombo and many areas following the reactivation of multiple grid sub-stations towards late afternoon today (December 03).

However, General Manager of Ceylon Electricity Board (CEB), Engineer M.R. Ranathunge, said the recent disruptions to the electricity supply are suspected to be acts of sabotage adding that CEB engineers are deliberately dragging on the restoration activities unnecessarily.&nbsp;

Yet, the CEB Engineers Trade Union who were engaging in a work to rule campaign, said they had decided to call off their work to rule campaign temporarily, owing to today’s island-wide power outage.

State Minister of National Security and Disaster Management Chamal Rajapaksa stressed that necessary actions would be sought against the CEB engineers if it is revealed that deliberate acts of sabotage have caused the nationwide power outages.

Sri Lankans living in the island nation had quite a bizarre Friday (December 03) that all started with an early morning directive issued by the State Minister of Co-operative Services, Marketing Development and Consumer Protection, Lasantha Alagiyawanna, saying that the distribution and sale of LP gas cylinders has been suspended until further notice.

Sri Lankans living in the island nation had quite a bizarre Friday (December 03) that all started with an early morning directive issued by the State Minister of Co-operative Services, Marketing Development and Consumer Protection, Lasantha Alagiyawanna, saying that the distribution and sale of LP gas cylinders has been suspended until further notice. Following this, Sri Lanka’s state owned LITRO company said that distribution of domestic LP gas has been suspended until further notice. However, privately owned LAUGFS gas company, despite the directive made by the state minister to suspend the sale of all LP gas cylinders has said that they were not formally informed of the suspension, adding that they intend to sell and distribute LP gas cylinders as usual. The country was experiencing mysterious cases of LP gas cylinder explosions in recent weeks, causing concern among the public with over 35 such cases reported in the past few days alone. Just as Sri Lankans were settling in, into the possibility of a domestic gas shortage in the coming weeks, alarm bells were rung again — this time for Covid as Sri Lankan health authorities confirmed the first detection of the Omicron Covid variant in the country. According to Health Minister Keheliya Rambukwella, a Sri Lankan who had returned from Nigeria on November 23 had tested positive for COVID-19's new variant. As if the day wasn’t chaotic enough, soon after this announcement, the power supply was disrupted, plunging the whole country into darkness. The Electricity Board (Ceylon Electricity Board) cited the outage as a result in the breakdown of transmission lines. Sri Lanka's day to day activities such as traffic lights, petrol station pumps, train lines, water supply, hospitals, workplaces and even sessions in the parliament were disrupted as a result of the island-wide power outage. Power was gradually restored in Colombo and many areas following the reactivation of multiple grid sub-stations towards late afternoon today (December 03). However, General Manager of Ceylon Electricity Board (CEB), Engineer M.R. Ranathunge, said the recent disruptions to the electricity supply are suspected to be acts of sabotage adding that CEB engineers are deliberately dragging on the restoration activities unnecessarily. Yet, the CEB Engineers Trade Union who were engaging in a work to rule campaign, said they had decided to call off their work to rule campaign temporarily, owing to today’s island-wide power outage. State Minister of National Security and Disaster Management Chamal Rajapaksa stressed that necessary actions would be sought against the CEB engineers if it is revealed that deliberate acts of sabotage have caused the nationwide power outages.

Sri Lanka plunges into darkness, overshadowing Omicron detection and LP gas suspension

Sri Lanka is investigating a sharp rise in kitchen explosions caused by cooking gas that has reportedly killed at least one person and wounded dozens of others.

Over 15 domestic gas cylinder explosions reported in Sri Lanka

At least 18 Indians are among the 23 people killed in an <a href="https://www.wionews.com/world/at-least-23-killed-over-130-injured-as-massive-fire-engulfs-factory-in-sudan-266029">LPG tanker blast at a ceramic factory in Sudan</a>'s capital Khartoum, the Indian embassy here said on Wednesday.

As per a detailed list issued by the embassy, as many as 16 Indians remain missing after the incident, while seven have been hospitalised, three of which are in critical condition.

"As per latest reports, but so far not confirmed officially, 18 are dead," the Indian Embassy said in a release.

"Some of the missing may be in the list of the dead which we are still to receive as identification is not possible because of the bodies being burnt," it added.

The explosion occurred while a gas tanker was unloading its cargo at the factory, as per a statement by Sudan's Council of Ministers, as cited by Xinhua news agency.

"A huge fire took place at Salomi Ceramic Factory in the industrial area at Kober neighbourhood of Bahry town. At least 23 people were killed and more than 130 others injured who are currently under medical treatment in hospitals," the statement read.

External Affairs Minister S Jaishankar expressed grief over the incident and said that the Indian embassy in Sudan has set up a 24-hour emergency hotline.

"Have just received the tragic news of a major blast in a ceramic factory "Saloomi" in the Bahri area of the capital Khartoum in Sudan. Deeply grieved to learn that some Indian workers have lost their lives while some others have been seriously injured," Jaishankar tweeted.

"The Embassy representative has rushed to the site. A 24-hour emergency hotline +249-921917471 has been set up by @EoI_Khartoum. Embassy is also putting out updates on social media. Our prayers are with the workers and their families," the following tweet read.&nbsp;

 
&nbsp;

At least 18 Indians are among the 23 people killed in an LPG tanker blast at a ceramic factory in Sudan's capital Khartoum, the Indian embassy here said on Wednesday.

At least 18 Indians are among the 23 people killed in an LPG tanker blast at a ceramic factory in Sudan's capital Khartoum, the Indian embassy here said on Wednesday. As per a detailed list issued by the embassy, as many as 16 Indians remain missing after the incident, while seven have been hospitalised, three of which are in critical condition. "As per latest reports, but so far not confirmed officially, 18 are dead," the Indian Embassy said in a release. "Some of the missing may be in the list of the dead which we are still to receive as identification is not possible because of the bodies being burnt," it added. The explosion occurred while a gas tanker was unloading its cargo at the factory, as per a statement by Sudan's Council of Ministers, as cited by Xinhua news agency. "A huge fire took place at Salomi Ceramic Factory in the industrial area at Kober neighbourhood of Bahry town. At least 23 people were killed and more than 130 others injured who are currently under medical treatment in hospitals," the statement read. External Affairs Minister S Jaishankar expressed grief over the incident and said that the Indian embassy in Sudan has set up a 24-hour emergency hotline. "Have just received the tragic news of a major blast in a ceramic factory "Saloomi" in the Bahri area of the capital Khartoum in Sudan. Deeply grieved to learn that some Indian workers have lost their lives while some others have been seriously injured," Jaishankar tweeted. "The Embassy representative has rushed to the site. A 24-hour emergency hotline +249-921917471 has been set up by @EoI_Khartoum. Embassy is also putting out updates on social media. Our prayers are with the workers and their families," the following tweet read.

18 Indians among 23 dead in LPG tanker blast in Sudan

<a href="https://www.wionews.com/business-economy/indias-fuel-demand-to-grow-at-over-4-through-2030-report-248794">India's fuel demand</a> rose 2.8 per cent&nbsp;in August compared with the same month last year but was at their lowest level in nine months.

Consumption of fuel, a proxy for oil demand, totalled 17.04 million tonnes, its lowest since last November, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.

Sales of gasoline, or petrol, were 8.9 per cent&nbsp;higher from a year earlier at 2.57 million tonnes.

Diesel sales fell 1.1 per cent&nbsp;to 6.12 million tonnes, its first year-on-year percentage decline in nine months.

Cooking gas or liquefied petroleum gas (LPG) sales surged 13 per cent&nbsp;to 2.40 million tonnes, while naphtha sales increased by 3.7 per cent&nbsp;to 1.15 million tonnes.

Sales of bitumen, used for making roads, were up 23.8 per cent, while fuel oil use edged lower 15.9 per cent&nbsp;in August.

India revised down its fuel consumption for July to 17.68 million tonnes, an increase of 3.9 per cent&nbsp;from the previous year, its biggest year-on-year percentage gain since January.

India's fuel demand rose 2.8 per cent in August compared with the same month last year but was at their lowest level in nine months. Consumption of fuel, a proxy for oil demand, totalled 17.

India's fuel demand rose 2.8 per cent in August compared with the same month last year but was at their lowest level in nine months. Consumption of fuel, a proxy for oil demand, totalled 17.04 million tonnes, its lowest since last November, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday. Sales of gasoline, or petrol, were 8.9 per cent higher from a year earlier at 2.57 million tonnes. Diesel sales fell 1.1 per cent to 6.12 million tonnes, its first year-on-year percentage decline in nine months. Cooking gas or liquefied petroleum gas (LPG) sales surged 13 per cent to 2.40 million tonnes, while naphtha sales increased by 3.7 per cent to 1.15 million tonnes. Sales of bitumen, used for making roads, were up 23.8 per cent, while fuel oil use edged lower 15.9 per cent in August. India revised down its fuel consumption for July to 17.68 million tonnes, an increase of 3.9 per cent from the previous year, its biggest year-on-year percentage gain since January.

India's fuel demand rises 2.8% in August, at nine-month low

<a href="https://www.wionews.com/business-economy/indias-diesel-demand-set-for-detour-as-drivers-switch-to-gasoline-235246">India's&nbsp;fuel&nbsp;demand&nbsp;rose</a>&nbsp;3.3 per cent in&nbsp;July&nbsp;compared with the same month last year.

Consumption of&nbsp;fuel, a proxy for oil&nbsp;demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 8.8 per cent higher than a year earlier at 2.52 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased by 9.0 per cent to 2.22 million tonnes, while naphtha sales fell 5.2 per cent to 1.22 million tonnes.

Sales of bitumen, used for making roads, were 36.4 per cent up, while fuel oil use edged up 8.3 per cent in July.

India's fuel demand rose 3.3 per cent in July compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

India's fuel demand rose 3.3 per cent in July compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 8.8 per cent higher than a year earlier at 2.52 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales increased by 9.0 per cent to 2.22 million tonnes, while naphtha sales fell 5.2 per cent to 1.22 million tonnes. Sales of bitumen, used for making roads, were 36.4 per cent up, while fuel oil use edged up 8.3 per cent in July.

India's fuel demand rose 3.3% in July

In a respite to consumers, non-subsidised cooking gas cylinders (LPG) will cost Rs 100 less in Delhi, starting&nbsp;today.

According to Indian Oil Corporation (IOC), non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder.

"The price of non-subsidised LPG in Delhi will decrease by Rs 100.50/cylinder w.e.f. 1st July 2019 based on LPG Prices in the international market and US dollar-rupee exchange rate," IOC said in a press release.

Subsidised LPG cylinder will now come down to Rs 494.35 after the fresh rate revision.

The press release said,&nbsp;"As domestic LPG prices are subsidised by the government, the effective price after subsidy to the consumer will be Rs 494.35 per cylinder for the month of July."

The balance amount is borne as subsidy (Rs 142.65 per cylinder) by the central government and is being transferred to the Bank account of LPG consumers after purchase and delivery of a refill.

In a respite to consumers, non-subsidised cooking gas cylinders (LPG) will cost Rs 100 less in Delhi, starting today. According to Indian Oil Corporation (IOC), non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder.

In a respite to consumers, non-subsidised cooking gas cylinders (LPG) will cost Rs 100 less in Delhi, starting today. According to Indian Oil Corporation (IOC), non-subsidised LPG gas cylinders will be available for Rs 637 per cylinder. "The price of non-subsidised LPG in Delhi will decrease by Rs 100.50/cylinder w.e.f. 1st July 2019 based on LPG Prices in the international market and US dollar-rupee exchange rate," IOC said in a press release. Subsidised LPG cylinder will now come down to Rs 494.35 after the fresh rate revision. The press release said, "As domestic LPG prices are subsidised by the government, the effective price after subsidy to the consumer will be Rs 494.35 per cylinder for the month of July." The balance amount is borne as subsidy (Rs 142.65 per cylinder) by the central government and is being transferred to the Bank account of LPG consumers after purchase and delivery of a refill.

LPG cylinder to cost Rs 100 less in Delhi from today

The price of non-subsidised LPG in Delhi has been slashed by Rs 100.50 per cylinder and the same will come into effect from July 1. Upfront cash payment by consumer of domestic LPG will reduce by Rs 100.50 per cylinder.

As domestic LPG prices are subsidized by the government, the effective price after subsidy to the consumers will be Rs 494.35 per cylinder for the month of July 2019, the Indian Oil Corporation said in a statement.&nbsp;

Earlier this month, United Arab Emirates' (UAE) Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber assured India of <a href="https://www.wionews.com/india-news/uae-assures-supply-of-oil-lpg-despite-tanker-attacks-oil-minister-dharmendra-pradhan-228139">uninterrupted supply of oil and liquefied petroleum gas</a> despite disruptions in the Strait of Hormuz.

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Indian Oil Corporation: As domestic LPG prices are subsidized by the Government, the effective price after subsidy to consumer will be Rs 494.35 per cylinder for the month of July 2019. <a href="https://t.co/2YQs6da0Jw">https://t.co/2YQs6da0Jw</a>
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Oil Minister Dharmendra Pradhan had stated he discussed collaboration between India and the UAE during a telephone conversation with Jaber.

Pradhan had previously said that Tripura is country's number one gas producing point and every poor household in the state will have LPG connection in 2019. &nbsp;

The price of non-subsidised LPG in Delhi has been slashed by Rs 100.50 per cylinder and the same will come into effect from July 1. Upfront cash payment by consumer of domestic LPG will reduce by Rs 100.

The price of non-subsidised LPG in Delhi has been slashed by Rs 100.50 per cylinder and the same will come into effect from July 1. Upfront cash payment by consumer of domestic LPG will reduce by Rs 100.50 per cylinder. As domestic LPG prices are subsidized by the government, the effective price after subsidy to the consumers will be Rs 494.35 per cylinder for the month of July 2019, the Indian Oil Corporation said in a statement. Earlier this month, United Arab Emirates' (UAE) Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber assured India of uninterrupted supply of oil and liquefied petroleum gas despite disruptions in the Strait of Hormuz. Indian Oil Corporation: As domestic LPG prices are subsidized by the Government, the effective price after subsidy to consumer will be Rs 494.35 per cylinder for the month of July 2019. https://t.co/2YQs6da0Jw — ANI (@ANI) June 30, 2019 × Oil Minister Dharmendra Pradhan had stated he discussed collaboration between India and the UAE during a telephone conversation with Jaber. Pradhan had previously said that Tripura is country's number one gas producing point and every poor household in the state will have LPG connection in 2019.

LPG cooking gas cylinders to be cheaper by Rs 100.50 from Monday

United Arab Emirates' (UAE)&nbsp;Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber has assured India of uninterrupted supply of oil and liquefied petroleum gas despite disruptions in the Strait of Hormuz, Oil Minister Dharmendra Pradhan said on Monday.

Pradhan said he discussed collaboration between India and the UAE during a telephone conversation with Jaber.

Attacks on two oil tankers last week raised concerns about potential supply disruptions as a fifth of the world's oil passes through the Strait of Hormuz.

Gulf of Oman: Saudi Arabia blames tanker attacks on rival Iran

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gulf-of-oman-saudi-arabia-blames-tanker-attacks-on-rival-iran-227499/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Oil prices rose after United States Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East.

The <a href="https://www.wionews.com/world/us-approves-deployment-of-1000-additional-troops-to-middle-east-amid-iran-tensions-228136">US has blamed Iran for attacks on two tankers</a> in the Gulf of Oman, a charge Tehran has denied as "baseless."

The US&nbsp;has approved the deployment of 1,000 additional troops to the Middle East amid tensions.

United Arab Emirates' (UAE) Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber has assured India of uninterrupted supply of oil and liquefied petroleum gas despite disruptions in the Strait of Hormuz, Oil Minister Dharmendra Pradhan said on Monday.

United Arab Emirates' (UAE) Minister of State and ADNOC Group CEO Sultan Ahmed Al Jaber has assured India of uninterrupted supply of oil and liquefied petroleum gas despite disruptions in the Strait of Hormuz, Oil Minister Dharmendra Pradhan said on Monday. Pradhan said he discussed collaboration between India and the UAE during a telephone conversation with Jaber. Attacks on two oil tankers last week raised concerns about potential supply disruptions as a fifth of the world's oil passes through the Strait of Hormuz. Gulf of Oman: Saudi Arabia blames tanker attacks on rival Iran Oil prices rose after United States Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East. The US has blamed Iran for attacks on two tankers in the Gulf of Oman, a charge Tehran has denied as "baseless." The US has approved the deployment of 1,000 additional troops to the Middle East amid tensions.

UAE assures supply of oil, LPG despite tanker attacks: Oil minister Dharmendra Pradhan

Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, on Saturday, said that Tripura is country's number one gas producing point and every poor household in the state will have LPG connection in 2019. &nbsp;

He said that ONGC Tripura has recorded its highest ever production at 4.96 MMSCMD (Million Metric Standard Cubic Meter Per Day) on Saturday.

"Not only 5 MMSCMD but we can produce 10 MMCMD from here for the upcoming 15-20 years," said Dharmendra Pradhan.

"We will try that in 2019 itself none of the poor households in Tripura is without an LPG connection," said Pradhan.

"The ONCG will fulfil all the energy requirement of the state with regard to power plants, domestic industries, transportation and domestic fuel," said Pradhan.

He said that ONGC Tripura can be the largest contributor in realising the dream of Prime Minister Narendra Modi`s "New India".

During a programme at the ONGC Tripura Asset headquarter in Badharghat, the Union Minister along with the Tripura Chief Minister Biplab Kumar Deb digitally inaugurated and laid foundation for four projects including ONGC Sonamura Gas Collecting Station, first PNG Connection in West Tripura district, first CNG Station in Gomati and National Skill Training Institute for Women at Agartala.

Pradhan said that Northeast is the energy storehouse in the form of a huge quantity of crude oil or natural gas found in this region.

The Union Minister said that an LPG bottling centre is coming up in the outskirts of capital Agartala and to avoid the uncertain hilly route from Guwahati, the Government of India has got it cleared from the Bangladesh government to bring LPG through the Chittagong port so that there is a steady supply of LPG to Tripura round the year. He said, in addition to this, 40 more LPG distribution centers and 150 fuel filling centers are going to come up in Tripura.

The Union Minister also declared the setting up of National Institute of Skill Trainer in Tripura at the cost of Rs 16 crores for enhancing the income of the women, especially in the SHG and household bamboo handicraft sector through advanced training.

Tripura Chief Minister Biplab Kumar Deb thanked the Union Minister for announcing various new projects for the development of the state through collaborative efforts of both the central and the state governments for better facilities and utilising of the available resources including human resource.

Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, on Saturday, said that Tripura is country's number one gas producing point and every poor household in the state will have LPG connection in 2019.

Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, on Saturday, said that Tripura is country's number one gas producing point and every poor household in the state will have LPG connection in 2019. He said that ONGC Tripura has recorded its highest ever production at 4.96 MMSCMD (Million Metric Standard Cubic Meter Per Day) on Saturday. "Not only 5 MMSCMD but we can produce 10 MMCMD from here for the upcoming 15-20 years," said Dharmendra Pradhan. "We will try that in 2019 itself none of the poor households in Tripura is without an LPG connection," said Pradhan. "The ONCG will fulfil all the energy requirement of the state with regard to power plants, domestic industries, transportation and domestic fuel," said Pradhan. He said that ONGC Tripura can be the largest contributor in realising the dream of Prime Minister Narendra Modi`s "New India". During a programme at the ONGC Tripura Asset headquarter in Badharghat, the Union Minister along with the Tripura Chief Minister Biplab Kumar Deb digitally inaugurated and laid foundation for four projects including ONGC Sonamura Gas Collecting Station, first PNG Connection in West Tripura district, first CNG Station in Gomati and National Skill Training Institute for Women at Agartala. Pradhan said that Northeast is the energy storehouse in the form of a huge quantity of crude oil or natural gas found in this region. The Union Minister said that an LPG bottling centre is coming up in the outskirts of capital Agartala and to avoid the uncertain hilly route from Guwahati, the Government of India has got it cleared from the Bangladesh government to bring LPG through the Chittagong port so that there is a steady supply of LPG to Tripura round the year. He said, in addition to this, 40 more LPG distribution centers and 150 fuel filling centers are going to come up in Tripura. The Union Minister also declared the setting up of National Institute of Skill Trainer in Tripura at the cost of Rs 16 crores for enhancing the income of the women, especially in the SHG and household bamboo handicraft sector through advanced training. Tripura Chief Minister Biplab Kumar Deb thanked the Union Minister for announcing various new projects for the development of the state through collaborative efforts of both the central and the state governments for better facilities and utilising of the available resources including human resource.

Every poor household in Tripura will have LPG connection in 2019: Dharmendra Pradhan

The price of Non-Subsidised LPG in Delhi will be decreased by Rs 120.50 per cylinder from January 1, due to fall in the price of the domestic cooking gas in international market and strengthening of US dollar-rupee exchange rate.

Accordingly, the upfront cash payment by the consumer of domestic LPG will also reduce by Rs 120.50 per cylinder.

"Domestic LPG consumer will now be required to make an upfront cash payment of Rs.689.00 per cylinder in place of Rs.809.50 per cylinder," read an official statement issued on Monday.

As domestic LPG prices are subsidised by the government, the effective price after subsidy to the consumer will be reduced by Rs 5.91 per cylinder (from Rs&nbsp;500.90 in December 2018 to Rs 494.99 for the month of January 2019).

The balance amount will be borne as subsidy by the central government and will be transferred to the bank account of LPG consumers after purchase and delivery of a refill.&nbsp;

The price of Non-Subsidised LPG in Delhi will be decreased by Rs 120.50 per cylinder from January 1, due to fall in the price of the domestic cooking gas in international market and strengthening of US dollar-rupee exchange rate.

The price of Non-Subsidised LPG in Delhi will be decreased by Rs 120.50 per cylinder from January 1, due to fall in the price of the domestic cooking gas in international market and strengthening of US dollar-rupee exchange rate. Accordingly, the upfront cash payment by the consumer of domestic LPG will also reduce by Rs 120.50 per cylinder. "Domestic LPG consumer will now be required to make an upfront cash payment of Rs.689.00 per cylinder in place of Rs.809.50 per cylinder," read an official statement issued on Monday. As domestic LPG prices are subsidised by the government, the effective price after subsidy to the consumer will be reduced by Rs 5.91 per cylinder (from Rs 500.90 in December 2018 to Rs 494.99 for the month of January 2019). The balance amount will be borne as subsidy by the central government and will be transferred to the bank account of LPG consumers after purchase and delivery of a refill.

LPG to get cheap from today, cooking gas price cut by Rs 5.91

Domestic cooking gas (LPG) price Friday was cut by Rs 6.52 per cylinder on account of tax impact on the reduced market rate for the fuel.

A 14.2-kg subsidised LPG cylinder will cost Rs 500.90 in the national capital from midnight tonight as against Rs 507.42 currently, Indian Oil Corp (IOC), the country's largest fuel retailer, said in a statement.

The price reduction comes soon after six consecutive monthly hikes in rates since June. Prior to this price cut, rates had gone up by Rs 14.13 per cylinder since then.

Subsidised LPG rates were last hiked by Rs 2.94 per cylinder with effect from November 1.

IOC said non-subsidised or market priced LPG rates have been cut by a steep Rs 133 per cylinder to reflect fall in international oil rates and strengthening of the rupee. It will now cost Rs 809.50 per 14.2-kg bottle in Delhi.

All LPG consumers have to buy the fuel at market price. The government, however, subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in bank accounts of users.

This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG rate and foreign exchange rate. 
When international rates move up, the government provides a higher subsidy. And when they come down, subsidy is cut.

As per tax rules, GST on LPG has to be calculated at the market rate of the fuel. The government may choose to subsidise a part of the price but tax will have to be paid at market rates.

So, with the fall in market price or non-subsidised LPG price, the tax incidence on subsidised cooking fuel has also come down, leading to the current price reduction.

"Accordingly, the upfront cash payment by the consumer for purchase of domestic LPG refill will reduce by Rs 133 cylinder, i.E. From Rs 942.50 per cylinder to Rs 809.50 cylinder in December, 2018 in Delhi market," IOC said.

Subsidised cooking gas consumers will get Rs 308.60 per cylinder subsidy in their bank accounts for the month of December. The subsidy transfer in the customer's bank account has been reduced from Rs 433.66 in November.

Domestic cooking gas (LPG) price Friday was cut by Rs 6.52 per cylinder on account of tax impact on the reduced market rate for the fuel. A 14.2-kg subsidised LPG cylinder will cost Rs 500.

Domestic cooking gas (LPG) price Friday was cut by Rs 6.52 per cylinder on account of tax impact on the reduced market rate for the fuel. A 14.2-kg subsidised LPG cylinder will cost Rs 500.90 in the national capital from midnight tonight as against Rs 507.42 currently, Indian Oil Corp (IOC), the country's largest fuel retailer, said in a statement. The price reduction comes soon after six consecutive monthly hikes in rates since June. Prior to this price cut, rates had gone up by Rs 14.13 per cylinder since then. Subsidised LPG rates were last hiked by Rs 2.94 per cylinder with effect from November 1. IOC said non-subsidised or market priced LPG rates have been cut by a steep Rs 133 per cylinder to reflect fall in international oil rates and strengthening of the rupee. It will now cost Rs 809.50 per 14.2-kg bottle in Delhi. All LPG consumers have to buy the fuel at market price. The government, however, subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in bank accounts of users. This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG rate and foreign exchange rate. When international rates move up, the government provides a higher subsidy. And when they come down, subsidy is cut. As per tax rules, GST on LPG has to be calculated at the market rate of the fuel. The government may choose to subsidise a part of the price but tax will have to be paid at market rates. So, with the fall in market price or non-subsidised LPG price, the tax incidence on subsidised cooking fuel has also come down, leading to the current price reduction. "Accordingly, the upfront cash payment by the consumer for purchase of domestic LPG refill will reduce by Rs 133 cylinder, i.E. From Rs 942.50 per cylinder to Rs 809.50 cylinder in December, 2018 in Delhi market," IOC said. Subsidised cooking gas consumers will get Rs 308.60 per cylinder subsidy in their bank accounts for the month of December. The subsidy transfer in the customer's bank account has been reduced from Rs 433.66 in November.

Subsidised LPG price cut by Rs 6.5; market price LPG cut by Rs 133

Subsidised cooking gas (LPG) price Sunday hiked by Rs 2.89 per cylinder to Rs 502.4 per cylinder.

The price of non-subsidised LPG at Delhi will increase by Rs 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement.

The actual impact on subsidised domestic LPG customers is only Rs 2.89 per cylinder, which is mainly due to GST on the above, IOC added.

The subsidy transfer in customers' bank account has been increased to Rs 376.60 per cylinder in October 2018 as against Rs 320.49 per cylinder in September 2018.&nbsp;

"Thus the domestic subsidised LPG customer is protected against the increase in prices of LPG," it said.&nbsp;

Subsidised cooking gas (LPG) price Sunday hiked by Rs 2.89 per cylinder to Rs 502.4 per cylinder. The price of non-subsidised LPG at Delhi will increase by Rs 59.

Subsidised cooking gas (LPG) price Sunday hiked by Rs 2.89 per cylinder to Rs 502.4 per cylinder. The price of non-subsidised LPG at Delhi will increase by Rs 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement. The actual impact on subsidised domestic LPG customers is only Rs 2.89 per cylinder, which is mainly due to GST on the above, IOC added. The subsidy transfer in customers' bank account has been increased to Rs 376.60 per cylinder in October 2018 as against Rs 320.49 per cylinder in September 2018. "Thus the domestic subsidised LPG customer is protected against the increase in prices of LPG," it said.

LPG cylinder price hiked by Rs 59; subsidised gas to cost Rs 2.89 more

Prices of Liquefied petroleum gas (LPG) were increased by Rs 48 and Rs 2 point 34 for non-subsidised and subsidised cylinders respectively in the national capital on Friday.

The new price for subsidised (14.2 Kg) cylinder in Delhi is Rs 493.55, while that of non-subsidised cylinder is Rs 698.50.

Besides Delhi, the new rates for subsidised cylinder are Rs 496.65 in Kolkata, Rs 491.31 in Mumbai and Rs 481.84 in Chennai respectively.

Non-subsidised LPG cylinders, on the other hand, are being sold at Rs 723.50 in Kolkata, Rs 671.50 in Mumbai and Rs 712.50 in Chennai.

Thie hike comes amid criticism that the government has been receiving for not curbing rising fuel prices for 16 consecutive days until May 30, when prices were brought by just 1 paisa. On Thursday, petrol prices were reduced by 7 paise, and another 6 paise on Friday.

In Delhi, Petrol now costs Rs 78.29 per litre, while diesel price has been revised to Rs 69.20 a litre.

(With inputs from ANI)

Non-subsidised LPG cylinders, on the other hand, are being sold at Rs 723.50 in Kolkata, Rs 671.50 in Mumbai and Rs 712.50 in Chennai.

Prices of Liquefied petroleum gas (LPG) were increased by Rs 48 and Rs 2 point 34 for non-subsidised and subsidised cylinders respectively in the national capital on Friday. The new price for subsidised (14.2 Kg) cylinder in Delhi is Rs 493.55, while that of non-subsidised cylinder is Rs 698.50. Besides Delhi, the new rates for subsidised cylinder are Rs 496.65 in Kolkata, Rs 491.31 in Mumbai and Rs 481.84 in Chennai respectively. Non-subsidised LPG cylinders, on the other hand, are being sold at Rs 723.50 in Kolkata, Rs 671.50 in Mumbai and Rs 712.50 in Chennai. Thie hike comes amid criticism that the government has been receiving for not curbing rising fuel prices for 16 consecutive days until May 30, when prices were brought by just 1 paisa. On Thursday, petrol prices were reduced by 7 paise, and another 6 paise on Friday. In Delhi, Petrol now costs Rs 78.29 per litre, while diesel price has been revised to Rs 69.20 a litre. (With inputs from ANI)

Non-subsidised LPG price gets Rs 48 jump, subsidised dearer by Rs 2.34

The Ministry of Petroleum and Natural Gas has stated that there has been a fall of around Rs 100 in the retail selling price of LPG (Liquefied Petroleum Gas) (non-subsidized price) at Delhi in the recent months.

The Ministry stated this in a statement after reports surfaced alleging the hike in LPG price in the recent months.

The Ministry clarified that the retail selling price of LPG (non-subsidized price) at Delhi has come down from Rs.747 in the month of December 2017 to Rs. 650.50 in the month of May 2018, which is a fall of Rs. 96.50.

It further asserted that the effective cost to the consumer after subsidy has also come down from Rs.495.69 in December 2017 to Rs.491.21 in May 2018.

Each house in the country is entitled to 12 LPG cylinders at subsidised rates in a year, which is called the subsidised LPG rates.

Requirements beyond that are to be purchased at market prices, which are known as non-subsidised LPG rates.

The Ministry stated this in a statement after reports surfaced alleging the hike in LPG price in the recent months.

The Ministry of Petroleum and Natural Gas has stated that there has been a fall of around Rs 100 in the retail selling price of LPG (Liquefied Petroleum Gas) (non-subsidized price) at Delhi in the recent months. The Ministry stated this in a statement after reports surfaced alleging the hike in LPG price in the recent months. The Ministry clarified that the retail selling price of LPG (non-subsidized price) at Delhi has come down from Rs.747 in the month of December 2017 to Rs. 650.50 in the month of May 2018, which is a fall of Rs. 96.50. It further asserted that the effective cost to the consumer after subsidy has also come down from Rs.495.69 in December 2017 to Rs.491.21 in May 2018. Each house in the country is entitled to 12 LPG cylinders at subsidised rates in a year, which is called the subsidised LPG rates. Requirements beyond that are to be purchased at market prices, which are known as non-subsidised LPG rates.

LPG price has gone down in May by Rs 100, claims government

The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.

The government had previously ordered public sector oil marketing companies to raise domestic cooking gas (LPG) prices by Rs 4 per cylinder every month beginning June 2016 with a view to eliminating subsidies.

The order was, however, withdrawn in October, a top source said.

Subsequently, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not raised LPG prices from October.

Previously, the oil firms were authorised to increase the price of subsidised domestic LPG cylinder by Rs 2 per 14.2-kg cylinder per month (excluding VAT) with effect from July 1, 2016. Oil companies had hiked LPG rates on 10 occasions since that go-ahead.

Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.

The quantum of the hike was doubled through an order dated May 30, 2017. That order authorised the state-owned firms to continue to increase the effective price of subsidised domestic LPG by Rs 4 per cylinder effective June 1, 2017, per month (excluding VAT) till the reduction of government subsidy to &#39;nil&#39; or March 2018 or further orders, whichever is earlier.

The source said it was felt that raising prices was giving a contrary signal to users. On the one hand, the government was pushing for giving free cooking gas connections to the poor, but on the other, it was raising prices every month.

To correct this, the order was withdrawn, he said.

He also said there has been an&nbsp;increase in the price of subsidised LPG even after October mainly because of taxation issues.

The taxation issue arose after implementation of the direct benefit transfer (DBT) scheme in which consumers are paid subsidy amount directly in their bank accounts, which is supposed to be used to buy market-priced LPG.

&quot;Before DBT, LPG was available at dealers at a subsidised price. VAT was levied on that subsidised price. Now, LPG is only available at the market price and GST is applicable on that price.

Besides being higher than the subsidised price, the market price fluctuates every month, compelling changes in retail prices to account for the taxes,&quot; he explained.

Cooking gas LPG price has been hiked by Rs 76.5 in 19 instalments in 17 months.

State-owned oil marketing companies since July last year revise the price of LPG on 1st of every month.

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69, according to a notification issued by state-owned firms.

A 14.2-kg LPG cylinder was priced at Rs 419.18 in June 2016.

According to the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, there is a subsidy of Rs 251.31 on every 14.2-kg subsidised LPG cylinder.

Incidentally, the non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1. Non-subsidised LPG rates have moved in tandem with their cost since December 2013.

There are as many as 18.11 crore customers of subsidised LPG in the country. These include over 3 crore poor women who were given free connections during the last one year under the Pradhan Mantri Ujjwala Yojana.

There are 2.66 crore users of non-subsidised cooking gas, including those who gave up subsidy on call by Prime Minister Narendra Modi.&nbsp;

 
&nbsp;

Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year.

The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor. The government had previously ordered public sector oil marketing companies to raise domestic cooking gas (LPG) prices by Rs 4 per cylinder every month beginning June 2016 with a view to eliminating subsidies. The order was, however, withdrawn in October, a top source said. Subsequently, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not raised LPG prices from October. Previously, the oil firms were authorised to increase the price of subsidised domestic LPG cylinder by Rs 2 per 14.2-kg cylinder per month (excluding VAT) with effect from July 1, 2016. Oil companies had hiked LPG rates on 10 occasions since that go-ahead. Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price. The quantum of the hike was doubled through an order dated May 30, 2017. That order authorised the state-owned firms to continue to increase the effective price of subsidised domestic LPG by Rs 4 per cylinder effective June 1, 2017, per month (excluding VAT) till the reduction of government subsidy to 'nil' or March 2018 or further orders, whichever is earlier. The source said it was felt that raising prices was giving a contrary signal to users. On the one hand, the government was pushing for giving free cooking gas connections to the poor, but on the other, it was raising prices every month. To correct this, the order was withdrawn, he said. He also said there has been an increase in the price of subsidised LPG even after October mainly because of taxation issues. The taxation issue arose after implementation of the direct benefit transfer (DBT) scheme in which consumers are paid subsidy amount directly in their bank accounts, which is supposed to be used to buy market-priced LPG. "Before DBT, LPG was available at dealers at a subsidised price. VAT was levied on that subsidised price. Now, LPG is only available at the market price and GST is applicable on that price. Besides being higher than the subsidised price, the market price fluctuates every month, compelling changes in retail prices to account for the taxes," he explained. Cooking gas LPG price has been hiked by Rs 76.5 in 19 instalments in 17 months. State-owned oil marketing companies since July last year revise the price of LPG on 1st of every month. The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69, according to a notification issued by state-owned firms. A 14.2-kg LPG cylinder was priced at Rs 419.18 in June 2016. According to the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, there is a subsidy of Rs 251.31 on every 14.2-kg subsidised LPG cylinder. Incidentally, the non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1. Non-subsidised LPG rates have moved in tandem with their cost since December 2013. There are as many as 18.11 crore customers of subsidised LPG in the country. These include over 3 crore poor women who were given free connections during the last one year under the Pradhan Mantri Ujjwala Yojana. There are 2.66 crore users of non-subsidised cooking gas, including those who gave up subsidy on call by Prime Minister Narendra Modi.

Government takes back LPG price hike order

India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption.

Shipping data in Thomson Reuters Eikon shows LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time.

India&#39;s LPG purchases have surged from just 1 million tonnes a month in early 2015 on the back of a government programme to bring energy to millions of poor households relying on open fires.

&quot;The growth in India is amazing. The fact that they have grown from 140 million subsidized household connections in 2015 to 181 million now is very impressive,&quot; Ted Young, chief financial officer at Dorian LPG told Reuters.

With a fleet of 22 tankers, US-based Dorian is one of the world&#39;s biggest LPG shippers.

LPG, a mixture of propane and butane, is used for cooking and transport, as well as in the petrochemical industry. The global market is similar in size to liquefied natural gas (LNG), at around 300 million tonnes traded a year, although both are dwarfed by the market for crude oil, which stands at well over 4 billion tonnes a year.

India&#39;s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China&#39;s 2.2 million tonnes, but it has jumped ahead of third-placed Japan on about 1 million tonnes.

Dorian LPG expects &quot;plenty of upside for Indian LPG&quot; imports due to rising use in cars following an Indian tax on gasoline, the company said in a presentation this month.

China, India and Japan together make up about 45 percent of global LPG purchases.

NEW SUPPLIER: USA

India&#39;s biggest supplier by a large margin is the Middle East, which has so far enjoyed a virtual supply monopoly.

However, a surge in US shale drilling, which yields LPG as a byproduct of crude oil and natural gas output, means American LPG exports have started to appear in India.

Eikon data shows the first regular US LPG shipments to India began at the start of 2017 at around 50,000 tonnes to 100,000 tonnes a month, rising to more than 200,000 tonnes in December.

While that is just a tenth of Middle Eastern shipments, U.S. LPG is becoming increasingly price competitive.

Propane at the Texan Mont Belvieu hub costs $99 cents per gallon ($516 per tonne), excluding freight. The current Saudi contract price is $590 a tonne, excluding shipping.

US suppliers have already made big inroads in Japan, currently meeting half of all demand.

India's average monthly imports in 2017 of about 1.7 million tonnes are well still behind China's 2.2 million tonnes, but it has jumped ahead of third-placed Japan on about 1 million tonnes.

India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption. Shipping data in Thomson Reuters Eikon shows LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time. India's LPG purchases have surged from just 1 million tonnes a month in early 2015 on the back of a government programme to bring energy to millions of poor households relying on open fires. "The growth in India is amazing. The fact that they have grown from 140 million subsidized household connections in 2015 to 181 million now is very impressive," Ted Young, chief financial officer at Dorian LPG told Reuters. With a fleet of 22 tankers, US-based Dorian is one of the world's biggest LPG shippers. LPG, a mixture of propane and butane, is used for cooking and transport, as well as in the petrochemical industry. The global market is similar in size to liquefied natural gas (LNG), at around 300 million tonnes traded a year, although both are dwarfed by the market for crude oil, which stands at well over 4 billion tonnes a year. India's average monthly imports in 2017 of about 1.7 million tonnes are well still behind China's 2.2 million tonnes, but it has jumped ahead of third-placed Japan on about 1 million tonnes. Dorian LPG expects "plenty of upside for Indian LPG" imports due to rising use in cars following an Indian tax on gasoline, the company said in a presentation this month. China, India and Japan together make up about 45 percent of global LPG purchases. NEW SUPPLIER: USA India's biggest supplier by a large margin is the Middle East, which has so far enjoyed a virtual supply monopoly. However, a surge in US shale drilling, which yields LPG as a byproduct of crude oil and natural gas output, means American LPG exports have started to appear in India. Eikon data shows the first regular US LPG shipments to India began at the start of 2017 at around 50,000 tonnes to 100,000 tonnes a month, rising to more than 200,000 tonnes in December. While that is just a tenth of Middle Eastern shipments, U.S. LPG is becoming increasingly price competitive. Propane at the Texan Mont Belvieu hub costs $99 cents per gallon ($516 per tonne), excluding freight. The current Saudi contract price is $590 a tonne, excluding shipping. US suppliers have already made big inroads in Japan, currently meeting half of all demand.

LPG imports: India set to surpass China

<a href="http://www.wionews.com/world/us-slashes-un-budget-after-jerusalem-vote-27808">US slashes UN budget after Jerusalem vote</a>

The US says it has negotiated a $285 million cut to the UN&#39;s budget for 2018. The budget cut comes a few days after a majority of UN member countries voted against US President Donald Trump&#39;s decision to move the US embassy in Israel from Tel Aviv to Jerusalem.&nbsp;

<a href="http://www.wionews.com/india-news/delhi-government-school-students-to-get-free-coaching-in-favourite-sport-27810">Delhi government school students to get free coaching in favourite sport</a>

The Delhi government announced on Tuesday that students in government schools will now get free coaching in their favourite sport. The academics, clubs and coaches will have access to government school playgrounds and other related facilities after school hours and during holidays.&nbsp;

<a href="http://www.wionews.com/world/singer-joy-villa-accuses-trumps-former-campaign-managercorey-lewandowski-for-sexual-assault-27805">Singer Joy Villa accuses ex-Trump campaign manager of sexual assault</a>

Joy Villa, singer and a potential congressional candidate said Tuesday that she filed a sexual assault complaint against President Donald Trump&rsquo;s former campaign manager Corey Lewandowski for hitting her twice on her buttocks during a Washington gathering in November.&nbsp;

<a href="http://www.wionews.com/india-news/jairam-thakur-to-be-sworn-in-as-himachal-pradesh-chief-minister-today-27800">Jairam Thakur to be sworn in as Himachal chief minister today</a>

Jairam Thakur will be sworn in as chief minister of Himachal Pradesh today. The ceremony, to be held at the Ridge ground in Shimla, is expected to begin at 11 am.&nbsp; 
Prime Minister Narendra Modi and BJP President Amit Shah will be attending, as will a number of other BJP leaders.&nbsp;

<a href="http://www.wionews.com/india-news/delhi-plans-home-delivery-of-40-government-services-lg-says-no-27811">Delhi plans home delivery of 40 government services, LG says no</a>

Delhi deputy chief minister Manish Sisodia said Tuesday that Lieutenant Governor Anil Baijal had turned down the government&#39;s proposal to home deliver 40 government services. The government services included caste, birth, and address certificates, licences, and pensions.&nbsp;

US slashes UN budget after Jerusalem vote The US says it has negotiated a $285 million cut to the UN's budget for 2018. The budget cut comes a few days after a majority of UN member countries voted against US President Donald Trump's decision to move the US embassy in Israel from Tel Aviv to Jerusalem. Delhi government school students to get free coaching in favourite sport The Delhi government announced on Tuesday that students in government schools will now get free coaching in their favourite sport. The academics, clubs and coaches will have access to government school playgrounds and other related facilities after school hours and during holidays. Singer Joy Villa accuses ex-Trump campaign manager of sexual assault Joy Villa, singer and a potential congressional candidate said Tuesday that she filed a sexual assault complaint against President Donald Trump’s former campaign manager Corey Lewandowski for hitting her twice on her buttocks during a Washington gathering in November. Jairam Thakur to be sworn in as Himachal chief minister today Jairam Thakur will be sworn in as chief minister of Himachal Pradesh today. The ceremony, to be held at the Ridge ground in Shimla, is expected to begin at 11 am. Prime Minister Narendra Modi and BJP President Amit Shah will be attending, as will a number of other BJP leaders. Delhi plans home delivery of 40 government services, LG says no Delhi deputy chief minister Manish Sisodia said Tuesday that Lieutenant Governor Anil Baijal had turned down the government's proposal to home deliver 40 government services. The government services included caste, birth, and address certificates, licences, and pensions.

WION morning news brief, December 27, 2017

In a monthly revision of prices of &nbsp;Liquified Petroleum Gas (LPG), price&nbsp;of a 14.2 kg cylinder was&nbsp;hiked by 14 per cent.

In Delhi, the hike will mean a rise of Rs 73.50 for a 14.2 kg cylinder.

The revised price of a cylinder will be Rs 597.50 effective midnight August 31-September 1.

&nbsp;

&nbsp;

The revised price for a 14.2 kg cylinder will be Rs 597.50 in Delhi

In a monthly revision of prices of Liquified Petroleum Gas (LPG), price of a 14.2 kg cylinder was hiked by 14 per cent. In Delhi, the hike will mean a rise of Rs 73.50 for a 14.2 kg cylinder. The revised price of a cylinder will be Rs 597.50 effective midnight August 31-September 1.

Prices of LPG hiked by 14% for September

Traders in the liquefied petroleum gas (LPG) market face a &quot;career-ruining&quot; glut that has led to millions of dollars in losses as Chinese buyers, far from coming to the rescue, are in a stand-off with oil companies to cancel deals. 
 
LPG, a historically niche and dislocated market, has ballooned with the advent of US exports due to the shale boom. The United States went from an importer to the largest single exporter of propane in just a few years, rivalling the West Asia Gulf producers. 
 
&quot;I can&#39;t remember it being this bad. There was massive new production out of the US and people hoped the Chinese market might absorb it,&quot; one LPG trader said. 
 
&quot;There was strong buying in the first four months of the year with low oil prices but that stopped and the market is now a few million tonnes long.&quot; 
 
Traders scrambling to mitigate losses&nbsp; 
 
A glut was expected, but its severity caught most by surprise and will likely serve as a warning to those trading liquefied natural gas, which is increasingly oversupplied. 
 
LPG is the collective term for propane and butane. The United States exports mostly propane used for heating and in the petrochemical industry to make propylene, a base for plastics manufacturing. 
 
Traders have been left scrambling to mitigate losses as China has failed to be the driver of demand. 
 
At least five companies- Vitol, Gunvor, Shell, BP and EDF Trading cancelled July-loading cargoes out of the two major Texas LPG terminals, preferring to pay penalties of up to $1 million per cargo. 
 
Many LPG traders signed up for multi-year contracts but premiums to the US benchmark on a spot basis sunk by about $40 a tonne this year, undercutting the term lifters. 
 
The contracts were also signed when the US benchmark was around a $150 to $200-per-tonne discount to the European benchmark and Saudi Arabia&#39;s official selling price. But spreads shrunk dramatically in 2016, making US exports suddenly unappealing to Asia. 
 
Chinese end-users are now cancelling or renegotiating their term contracts, taking advantage of product overhangs in the Middle East and a cheaper alternative feedstock, naphtha. 
 
Asian demand slowed earlier this year on weak propylene margins, which led to run cuts and delayed new plant start-ups. After hitting a trough, the market is expected to rebalance by the year-end though supply will continue to outpace demand. 
 
&quot;Non-associated gas output means there will be a steady rise in natural gas liquids output despite the oil price doldrums. This trend will continue in the medium term,&quot; Al Troner, head of Asia Pacific Energy Consulting in Houston, said. 
 
Showdown in Court 
 
The disputes have, in some cases, devolved into open altercations and tanker stand-offs. 
 
At an LPG conference earlier this year in China, one trader said he saw &quot;serious arguments between the Chinese and the US suppliers outside the hall at the caf? ... Everyone pretended not to be eavesdropping but stopped chatting and just stood still&quot;. 
 
Targa Resources, operator of an export terminal in Texas, has been stung by contracts with Chinese buyers and is seeking &quot;damages in excess of $1,000,000&quot; from China Soft Packaging Group, documents filed by Targa at a Texas county court showed. 
 
China Soft Packaging declined to comment and Targa did not respond to requests for comment. 
 
&quot;The US suppliers already made fat margins earlier (in 2015) and they should be ready for price negotiations,&quot; a senior source with one of the east China-based LPG buyers said. 
 
Hong Kong-based Oriental Energy International Trading has also had disputes with Targa and Greek LPG trader Naftomar. Targa let Oriental&#39;s Kikyo tanker languish for weeks offshore Texas in June. Naftomar&#39;s Constellation ship is now stuck outside China&#39;s Ningbo port, a senior trader at Naftomar said. 
 
Singapore-based SK Chemical Trading recently cancelled contracts with Naftomar, Petredec and Shell after its end-user Zhejiang Shaoxing Sanyuan Petrochemical Co reneged on its orders. The companies did not respond to requests for comment. 
 
One trader said the price rout was ruining careers and had &quot;gunfight at the O.K. Corral-type implications&quot;, referring to one of the most famous shootouts from the days of the American Wild West. 
 
(Reuters)

A glut was expected but its severity caught most by surprise and will likely serve as a warning to those trading liquefied natural gas

Traders in the liquefied petroleum gas (LPG) market face a "career-ruining" glut that has led to millions of dollars in losses as Chinese buyers, far from coming to the rescue, are in a stand-off with oil companies to cancel deals. LPG, a historically niche and dislocated market, has ballooned with the advent of US exports due to the shale boom. The United States went from an importer to the largest single exporter of propane in just a few years, rivalling the West Asia Gulf producers. "I can't remember it being this bad. There was massive new production out of the US and people hoped the Chinese market might absorb it," one LPG trader said. "There was strong buying in the first four months of the year with low oil prices but that stopped and the market is now a few million tonnes long." Traders scrambling to mitigate losses A glut was expected, but its severity caught most by surprise and will likely serve as a warning to those trading liquefied natural gas, which is increasingly oversupplied. LPG is the collective term for propane and butane. The United States exports mostly propane used for heating and in the petrochemical industry to make propylene, a base for plastics manufacturing. Traders have been left scrambling to mitigate losses as China has failed to be the driver of demand. At least five companies- Vitol, Gunvor, Shell, BP and EDF Trading cancelled July-loading cargoes out of the two major Texas LPG terminals, preferring to pay penalties of up to $1 million per cargo. Many LPG traders signed up for multi-year contracts but premiums to the US benchmark on a spot basis sunk by about $40 a tonne this year, undercutting the term lifters. The contracts were also signed when the US benchmark was around a $150 to $200-per-tonne discount to the European benchmark and Saudi Arabia's official selling price. But spreads shrunk dramatically in 2016, making US exports suddenly unappealing to Asia. Chinese end-users are now cancelling or renegotiating their term contracts, taking advantage of product overhangs in the Middle East and a cheaper alternative feedstock, naphtha. Asian demand slowed earlier this year on weak propylene margins, which led to run cuts and delayed new plant start-ups. After hitting a trough, the market is expected to rebalance by the year-end though supply will continue to outpace demand. "Non-associated gas output means there will be a steady rise in natural gas liquids output despite the oil price doldrums. This trend will continue in the medium term," Al Troner, head of Asia Pacific Energy Consulting in Houston, said. Showdown in Court The disputes have, in some cases, devolved into open altercations and tanker stand-offs. At an LPG conference earlier this year in China, one trader said he saw "serious arguments between the Chinese and the US suppliers outside the hall at the caf? ... Everyone pretended not to be eavesdropping but stopped chatting and just stood still". Targa Resources, operator of an export terminal in Texas, has been stung by contracts with Chinese buyers and is seeking "damages in excess of $1,000,000" from China Soft Packaging Group, documents filed by Targa at a Texas county court showed. China Soft Packaging declined to comment and Targa did not respond to requests for comment. "The US suppliers already made fat margins earlier (in 2015) and they should be ready for price negotiations," a senior source with one of the east China-based LPG buyers said. Hong Kong-based Oriental Energy International Trading has also had disputes with Targa and Greek LPG trader Naftomar. Targa let Oriental's Kikyo tanker languish for weeks offshore Texas in June. Naftomar's Constellation ship is now stuck outside China's Ningbo port, a senior trader at Naftomar said. Singapore-based SK Chemical Trading recently cancelled contracts with Naftomar, Petredec and Shell after its end-user Zhejiang Shaoxing Sanyuan Petrochemical Co reneged on its orders. The companies did not respond to requests for comment. One trader said the price rout was ruining careers and had "gunfight at the O.K. Corral-type implications", referring to one of the most famous shootouts from the days of the American Wild West. (Reuters)

Oil traders lose millions as LPG glut shocks market

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