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LPG props off in five years

New Delhi, Feb. 27 (PTI): Retail prices of domestic cooking gas (LPG) and kerosene will fluctuate in step with global crude oil prices after adjusting the flat rate of subsidy on the two mass cooking fuels, the pre-budget Economic Survey said today.

“Subsidies on kerosene for public distribution system (PDS) and domestic LPG are on a specified flat rate basis, from April 1, 2002 onwards and are borne by the Consolidated Fund of India. These subsidies will be phased out in the next 3 to 5 years,” the Survey said.

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