What every Indian wants to know is the Subsidy Indian Government bares on daily essential Fuels – Petrol, Diesel, Kerosene and LPG. Also note that these subsidies cannot be compared directly with International Fuel Prices due to various Taxes on them in India.
Subsidies on Petrol, Diesel, Kerosene, LPG in India
Petrol – NIL Linked to Market Pricing
Diesel – Rs 13 / Litre is what is being borne by the Govt of India
Kerosene – Rs 32.5 / Litre
LPG – Rs 380 / Cylinder
Volume of Petrol, Diesel, Kerosene, LPG Consumption in India
Petrol – 21.1 Bn Litres
Diesel – 85.2 Bn Litres
Kerosene – 9.2 Bn Litres
LPG – 1.1 Bn Cylinders
The Under-recovery is highest to the Government of India from Diesel – Rs 1,206 Bn, LPG comes second with Rs 400 Bn, and Kerosene at Rs 286 Bn in a Financial Year.
How many LPG Cylinders an Average Family Consumes ?
Families typically consume between 9-10 cylinders a year, and will have to pay the market price – about 80% more than the current subsidized price — for every cylinder consumed beyond 6.