New Delhi, Feb 12: Cooking gas LPG price on Wednesday was hiked by a steep Rs 144.5 per cylinder due to spurt in benchmark global rates of the fuel.
But to insulate domestic users, the government almost doubled the subsidy it provides on the fuel to keep per cylinder outgo almost unchanged.
LPG price was increased to Rs 858.50 per 14.2 kg cylinder from Rs 714 previously, according to a price notification of state-owned oil firms.
This is the steepest hike in rates since January 2014 when prices had gone up by Rs 220 per cylinder to Rs 1,241.
Domestic LPG users, who are entitled to buy 12 bottles of 14.2-kg each at subsidised rates in a year, will get more subsidy.
The government subsidy payout to domestic users has been increased from Rs 153.86 per cylinder to Rs 291.48, industry officials said.
For Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries, the subsidy has increased from Rs 174.86 to Rs 312.48 per cylinder.
After accounting for the subsidy that is paid directly into the bank accounts of LPG users, a 14.2-kg cylinder would cost Rs 567.02 for domestic users and Rs 546.02 for PMUY users.
The government gave out 8 crore free LPG connections to poor women under PMUY to increase coverage of environment-friendly fuel in kitchens.
Normally, LPG rates are revised on 1st of every month but this time it took almost two weeks for the revision to take place - a phenomenon which industry officials said was due to approvals needed for such a big jump in subsidy outgo.
Others said the decision to defer the increase could have been because of assembly elections in Delhi. Delhi voted on February 8.
Comments
Voting for SDPI is like voting for BJP.
So be smart and please vote for Congress so muslim votes are not wasted.
We had enough of BJP for the past 10 years. for a better future for Muslims vote for Congress.
A change a require in Mangalore. Mr. Ilyas is an far better candidate than others
Please don't withdraw the nomination, if you withdraw then definitely congress will lose for sure.
no more same annoying dialogue!
Abdul Gafoor Bhai, vote SDPI in APRIL for a real alternative ...
SDPI should take back thier nomination as there is a easy chance for BJP to sweep as congress and SDPI votes will divide.. SDPI should re think as they do not have enough supporters
good decision....all muslim must vote for SDPI...
in DK we have 6 lak hindu and 6 lak muslim face to face number...
rest 2 lak christ & 2 lak dalith also 1 lak unknow...
if muslim+dalit+christ unite...no one can break the chain forever...
all the best ilyas sir...
Why though! They will get around 1-2% which might be a deciding factor.
Probably, SDPI should really think about the future of the region, as well as the country, this time.
A Gatbhandan is really needed now!
Good for BJP
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