With pertoleum ministry rooting for the poor, proposal for hike in cooking gas may be shot down

With the Narendra Modi led-government asking every ministry to come up with a 100-day agenda, the petroleum ministry is planning to line up a priority list. The list includes clarity on policies relating to the next round of bidding for exploration of oil & gas blocks, gas pricing and removal of bottlenecks in the sector.

The power and coal ministries, too, have lined up an agenda that includes increasing coal production, renewable energy generation and financially healthier distribution companies.

After issuing a 10-point agenda last week on the functioning of the government, Prime Minister Modi on Monday held a special meeting of the Council of Ministers on a 100-day plan.

With Dharmendra Pradhan, minister of state for petroleum, insisting on a pro-poor approach, suggestions by the Kirit Parikh panel on pricing of petroleum products, including a rise of Rs 250 in the prices of subsidised domestic cooking gas cylinders, aren’t likely to be implemented.

“We have lined up priorities and before the Lok Sabha session starts on June 4, the PM will carry out a performance review of the ministry. The minister is yet to get an official guidance from the prime minister. However, our priorities for a 100-day agenda are ready,” said a petroleum ministry official close to the development.

Source: Business Standard

Similar Posts:

• Fuel price rise likely after budget, says finance ministry
• Rs 3.50 hike in petrol, diesel prices on the cards
• NTPC dumps UP, to set up 4,000-MW power plant in MP
• Coal regulator Bill gets approval
• Govt frees petrol, diesel prices