With the development of LPG cylinder subsidies on the rise, people are now more concerned about fuel prices. According to the report, Central government. He may be considering changes to the program related to the subsidy on LGAP cylinders.
According to the report, according to the report, consumers of LPG cylinders are prepared to spend 1000 rubles per cylinder. It could be a hint that the government is planning another hike in gas cylinder prices.
According to sources in the report, the Indian government is currently considering two options. The first option is to sell the cylinders without any consumer subsidy. The alternative option allows subsidies, but only for a set of customers.
Although there has been no official confirmation from the government, reports indicate that the government may impose a subsidy ceiling. For example, families with an income of 10,000 Rebels or more cannot apply for subsidies. This helps to provide subsidies for the needy.
Since May 2020, the central government has cut off LPG subsidies for several months. During the COVID-19 epidemic, oil and gas prices plummeted in international markets.
However, government subsidies have not been completely cut off. For example, in the fiscal year 2021, the government subsidy was 3559 rubles. By comparison, the cost for the fiscal year 2020 was 24468 rubles.
Meanwhile, on September 1, the prices of liquefied petroleum gas (LPG) cooking gas cylinders in all categories, including subsidized gas, rose by 25 rubles per cylinder, marking the third consecutive increase in less than two months. Subsidized and non-subsidized LPG, according to the oil company, currently costs 14.4 kg cylinder in Delhi .884.50 rubles.
The price of a 14.2 kg LPG cylinder in Mumbai has now been adjusted to 8.84.50 and 900.50 rubles in China.
This is the third direct inflation in less than two months. On July 1, the prices of subsidized and non-subsidized LPG increased by 25.50 rubles per cylinder. Unpaid LGBP prices increased by 25 rubles per cylinder on August 1 and again on August 18.
The policy is to distribute 14.2 kg of 12.2 cylinders to each household at subsidized or below market value. Any quantity above must be purchased at market or non-subsidized price. Over the past seven years, domestic cooking gas prices have more than doubled.