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LPG cylinders in India Liquefied petroleum gas tank on a rural farm. Predominantly in Europe and rural parts of many countries, LPG can provide an alternative to electric heating, heating oil, or kerosene. LPG is most often used in areas that do not have direct access to piped natural gas. In the UK about 200,000 households use LPG for heating.
[3] [6] [7] In 1979, Argus became the first reporting agency to quote crude oil prices [8] and published the first ever daily crude market wire. [9] In 2011, Argus bought FMB Consultants Ltd (FMB) - a price reporting agency for international fertilizer markets. [10] [11] FMB was founded in 1982 and focused on nitrogen, phosphate, sulphur ...
Give Up LPG Subsidy is a campaign that was launched in March 2015 by the Indian government led by Prime Minister Narendra Modi. It is aimed at motivating LPG users who are able to afford to pay the market price for LPG to voluntarily surrender their LPG subsidy. [1] As of 23 April 2016, 10 million people had voluntarily given up the subsidy. [2]
The affordable electricity retail price (860 kcal/kWh at 74% heating efficiency) to replace LPG (lower heating value 11,000 kcal/kg at 40% heating efficiency) in domestic cooking is up to 10.2 Rs/kWh when the retail price of an LPG cylinder is Rs 1000 (without subsidy) with 14.2 kg LPG content. [174]
Diesel contains 128,700 BTU per US gallon, where propane contains 91,690 BTU per US gallon. If LPG is 30–40% less expensive, there may very well be a saving. Any actual savings are dependent on the relative cost of diesel versus LPG. In Australia, where diesel costs substantially more than LPG, savings of 10 to 20% are claimed. [64]
The first Indane LPG connection was released on 22 October 1965 at Kolkata. Indane serves more than 130 million families through a network of 12,500 distributors. 27% of its customers reside in semi-urban or rural markets and every second LPG cooking gas connection in India is that of Indane. The sales network is backed by 47 Indane area offices.
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.