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Through the scheme, the Indian government provides a subsidy of INR1,600 to state-owned fuel retailers for every free LPG connection they provide to rural households. The subsidy aims to cover the security fee and fitting charges of the gas cylinder. [9] The beneficiary of the subsidy must then purchase their cooking stove.
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Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
In 2016, the number of domestic connections was 215 million (i.e., one connection for every six people) with a circulation of more than 350 million LPG cylinders. [20] Most of the LPG requirement is imported. Piped city gas supply in India is not yet developed on a major scale. LPG is subsidised by the Indian government for domestic users.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Nationwide, the highest average price for regular-grade gas was in the San Francisco Bay Area, at $5.36 per gallon. The lowest average was in Baton Rouge, Louisiana, at $3.38 per gallon.
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. The brand has been awarded the title of "Superbrand" by Superbrand India. [6]
The region's average gas price dropped 4.6% last week. Currently, gas prices are 85 cents away from the annual low of $3.00 in the Midwest region.