The Cabinet Committee on Economic Affairs (CCEA) on 4 March 2015 gave its nod to extend the PDS Kerosene and Domestic LPG Subsidy Scheme 2002 for a period of one year that is up to 31 March 2015.
It also approved extension of the Freight Subsidy Scheme 2002 for far-flung areas till 31 March 2015. The Freight Subsidy Scheme 2002 provides for freight subsidy to PDS Kerosene and Domestic LPG consumers in far-flung areas.
These approvals will help in reducing the under-recovery of the Oil Marketing Companies (OMCs). Till date government was providing a subsidy of 22 rupees 58 paise per 14.2 kg on LPG cylinder and 82 paise per litre on PDS Kerosene and Domestic LPG Subsidy Scheme.
When: 4 March 2015