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
@ ashwin manglore
what bjp doing in india after they are on power
not allowing to eat beef in india but they can export... fake gov
want to make india as hindhu country, better let them go to nepal if they want so
Modi Sarkar hungry for publicity AND your sarkar was hungry for scams , corruption and money.......
UMMAR,
And people were happy about CONgress Govt's non stop scams and terror friendly party??
UMMAR,
And people were happy about CONgress Govt's non stop scams and terror friendly party??
modi won the election through fake promises, in media ab ki baaar modi sarkaar
people trusted him voted him then all understood that
ab ki baaar cow sarkaarrrrr
killing human beings for eating beff even indian law cant do anything of this issue ,
saying that holy cow
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