Kerosene price to be raised by 25p each month
The government on Wednesday allowed the state-owned oil firms to raise the price of kerosene by 25 paise a litre each month till April 2017. Earlier on July 1, the price of kerosene was hiked by 25 paise a litre, a first in five years. Notably, kerosene accounted for 41.7% of the total petroleum subsidy of ₹27,571 crore in 2015-16.