HootSoot official

Govt will increase the price of LPG cylinder by Rs 4 every month to eliminate the subsidy

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The central government has ordered to increase the price of subsidised cooking cylinders (LPG) by 4 Rs per cylinder every month till march, so as to cancel subsidy altogether.

 

Union petroleum and natural gas minister Dharmendra Pradhan said: “Public sector oil marketing companies (OMCs) were authorised to increase the price of subsidised domestic LPG cylinder by Rs 2 per cylinder (14.2-kg) per month (excluding VAT) with effect from July 1, 2016”.

Earlier the government had asked Indian Oil, Bharat Petroleum and Hindustan petroleum to increase the cost of a cylinder by 2 Rs per month. Now it has asked to increase it by Rs 4 so as to nullify the subsidy by March.

Every household can get 12 subsidised cylinders each year. But beyond that, they will have to pay at market price. In July the cost of a cylinder was hiked by 32 Rs, which was the highest in 6 years. The hike was due to government order as well as GST.

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